Question: SHOW ALL WORK Royal Dutch Shell PLC (ticker: RDS) is a large, multinational oil company. The firm is preparing to purchase a semi-submersible oil production
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Royal Dutch Shell PLC (ticker: RDS) is a large, multinational oil company. The firm is preparing to purchase a semi-submersible oil production platform for $15 million. Additionally, it is going to cost $1.6 million to move the platform to the Mars oil-field and secure it in location. While preparing the oil field for production, an additional $2.9 million dollars will be spent on research, geological surveys, and training. If this acquisition is going to be fully depreciated over 5 years using straight-line depreciation, what are the yearly depreciation expenses in this case? A. $3.32 million B. $3.90 million C. $3.00 million D. $3.58 million
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