Annual amount of depreciation on the equipment

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

Reference no: EM13153127

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