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Calculate the amount of annual depreciation to be charged

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Question - Machinery is purchased for $140 000. It is estimated that it has a useful life of 5 years and a residual value of $20 000. Using the straight-line method, calculate the amount of annual depreciation to be charged.

a) $12,000

b) $24,000

c) $28,000

d) $14,000

Reference no: EM132626861

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