a-company-purchases-a-machine-for-50000-with-a-useful-life-of-10-years-using-str

Question

A company purchases a machine for $50,000 with a useful life of 10 years. Using straight-line depreciation, what is the annual depreciation expense?

Accepted Answer

$5,000

Answer

$50,000

Answer

$10,000

Answer

$2,500

A company purchases a machine for \$50,000 with a useful life of 10 years. Using straight-line depreciation, what is the annual depreciation expense?