A firm purchased an asset with a 5-year life for $90,000, and it cost $10,000 - 4446

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Request Description

 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

Solution Description

A firm purchased an asset with a 5-year life