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Business, 03.12.2019 02:00 miguel20000000

Mackenzie manufacturing purchased equipment for $160,000. in addition, shipping charges of $2,000 were incurred to obtain the equipment. the company paid $12,500 to construct a foundation and install the equipment. the equipment is estimated to have a residual value of $15,000 at the end of its 5-year useful life. using the straight-line method, what is the amount of depreciation expense each year?

(a) $34,900
(b) $34,500
(c) $29,900
(d) $31,900

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