a-machine-costs-80000-has-a-useful-life-of-8-years-and-a-residual-value-of-8000-

Question

A machine costs $80,000, has a useful life of 8 years, and a residual value of $8,000. What is the annual depreciation using the straight line method?

Accepted Answer

$9,000

Answer

$8,000

Answer

$10,000

Answer

$7,000

A machine costs \$80,000, has a useful life of 8 years, and a residual value of \$8,000. What is the annual depreciation using the straight line method?