Annual amount of depreciation on equipment

Reference no: EM13152747

Hamilton Tool and Die Company purchased $72,000 of equipment with an estimated service life of 4 years. The equipment will be worth $4,000 at the end of its life. The annual amount of depreciation on this equipment is:

a) $17,000.

b) $18,000.

c) $19,000.

d) $0.

Reference no: EM13152747

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