Annual amount of depreciation on the equipment

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Reference no: EM13153127

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

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