Use the following information to answer the question:Cost of car: $26,000Residual value: $6,000Life: 5 yearsWith the information given, determine the depreciation expense for the first year using the straight-line method.      A. $6,000 B. $5,200 C. $4,000 D. $4,400

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Use the following information to answer the question:

Cost of car: $26,000

Residual value: $6,000

Life: 5 years

With the information given, determine the depreciation expense for the first year using the straight-line method.
    
A. $6,000
B. $5,200
C. $4,000
D. $4,400
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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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