A machine was purchased for $60,000.It has a useful life of 5 years and a residual value of $6,000.Under the straight-line method,what is annual depreciation expense?
A)$13,200
B)$12,000
C)$11,000
D)$10,800

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The Answer of A machine was purchased for $60,000.It has a useful life of 5 years and a residual value of $6,000.Under the straight-line method,what is annual depreciation expense?
A)$13,200
B)$12,000
C)$11,000
D)$10,800

A Machine Was Purchased for $60,000