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What is the annual depreciation when calculated

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Question - Straight Line Depreciation tends to be the used by most small construction groups to value their assets. If a firm spent 110,000 on a piece of equipment and its 5-year salvage value was 10,000. What is the annual depreciation when calculated? Show your math.

a. 5,000

b. 10,000

c. 15,000

d. 20,000

e. 25,000

Reference no: EM133139585

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