### Calculate the amount that will be charged annually

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Question - AA Riser owns machinery for moving and delivering plants to its customers. The recorded cost of the machinery is \$38,000. It is estimated that the machinery will be able to move 120,000 plants over its life. The company depreciates the machinery using straight-line depreciation over a useful life of twelve years and an estimated residual value of \$2,000. Calculate the amount that will be charged annually as depreciation?

\$3,000

\$3,167

\$3,600

\$3,800

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