On July 1, 2018, a machine with a useful life of five years and a residual value of $4,000 was purchased for $20,000. Under straight-line depreciation, what is the depreciation expense for calendar 2019?
A) $4,000
B) $3,556
C) $3,200
D) $1,600

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The Answer of On July 1, 2018, a machine with a useful life of five years and a residual value of $4,000 was purchased for $20,000. Under straight-line depreciation, what is the depreciation expense for calendar 2019?
A) $4,000
B) $3,556
C) $3,200
D) $1,600

On July 1, 2018, a Machine with a Useful Life