A firm purchased an asset with a 5-year life for $90,000, and it cost $10,000
A
firm purchased an asset with a 5-year life for $90,000, and it cost
$10,000 for shipping and installation. Using the simplified
straight-line method, what is the annual depreciation?
a. $20000
b. $18000
c. $10000
d. $5000
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