Solve the Problem. -The Windmill Harbour Marina Purchased a Boat Hauling Rig for Hauling

Solve the problem.
-The Windmill Harbour Marina purchased a boat hauling rig for $543,000. Its estimated life is 16
Years, at which time it will have a scrap value of $3,200. Use the straight-line method of
Depreciation to find the annual amount of depreciation. Find the book value at the end of 9 years.

A) $33,938, $846,642
B) $33,938, $305,442
C) $33,738, $239,358
D) $33,738, $303,642