A machine is purchased for $130 000.It is estimated that it has a useful life of 8 years and will then be sold for $10 000.Using the straight-line method calculate the amount of depreciation to be charged for each year of useful life.
A)$1625
B)$10 000
C)$16 250
D)$15 000

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The Answer of A machine is purchased for $130 000.It is estimated that it has a useful life of 8 years and will then be sold for $10 000.Using the straight-line method calculate the amount of depreciation to be charged for each year of useful life.
A)$1625
B)$10 000
C)$16 250
D)$15 000

A Machine Is Purchased for $130 000