An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be
Question:
An oil refinery has decided to purchase some new drilling equipment for $550,000. The equipment will be kept for 10 years before being sold. The estimated SV for depreciation purposes is to be $25,000. Using the SL method, the annual depreciation on the equipment is
(a) $50,000
(b) $51,500
(c) $52,500
(d) $55,000
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Related Book For 
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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