a-machine-is-purchased-for-10000-with-a-useful-life-of-5-years-and-no-salvage-va

Question

A machine is purchased for $10,000 with a useful life of 5 years and no salvage value. What is the annual depreciation expense using the straight-line method?

Accepted Answer

$2,000

Answer

$1,000

Answer

$5,000

Answer

$10,000

A machine is purchased for \$10,000 with a useful life of 5 years and no salvage value. What is the annual depreciation expense using the straight-line method?