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What is the depreciation expense

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Reference no: EM133042484

Question - On January 1, year 1, an entity acquires a new machine with an estimated useful life of 20 years for $100,000. The machine has an electrical motor that must be replaced every five years at an estimated cost of $20,000. Continued operation of the machine requires an inspection every four years after purchase; the inspection cost is $10,000. The company uses the straight-line method of depreciation. What is the depreciation expense in year 1?

a. $5,000

b. $5,500

c. $8,000

d. $10,000

Reference no: EM133042484

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