Question: 4 9 . On January 1 , 2 0 1 8 , Schmidt Industries purchased a new paint sprayer for $ 4 0 0 ,

49.On January 1,2018, Schmidt Industries purchased a new paint sprayer for $400,000. The salvage value after 5 years is estimated to be $100,000. If the sprayer is depreciated by straight line depreciation for 5 years, what is the annual depreciation expense?$0, as the sprayer is not depreciable $60,000 $80,000 $400,000, as the sprayer can be fully depreciated in year 1

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