a-company-purchases-a-machine-for-60000-with-a-useful-life-of-12-years-what-is-t

Question

A company purchases a machine for $60,000 with a useful life of 12 years. What is the annual depreciation expense using the straight-line method?

Accepted Answer

$5,000

Answer

$7,000

Answer

$4,000

Answer

$6,000

A company purchases a machine for \$60,000 with a useful life of 12 years. What is the annual depreciation expense using the straight-line method?