You have a piece of equipment that was purchased for your project recently for $5,000 and is expected to last 5 years in production. At the end of the five years the expected worth of the equipment is $2,000. Using straight-line deprecation, what is the amount that can be written off each year?
Select an option, then click Submit answer.
-
○
$600
-
○
$1200
-
○
$3000
-
○
Zero