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ABC Company is considering a new project. The project will have an initial capital cost...

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Accounting

ABC Company is considering a new project. The project will have an initial capital cost of $400,000 and will last for five years. There will be a $10,000 salvage value at the end of the project. What is the annual amount of depreciation on this project, assuming straight-line depreciation is used?

$80,000

$390,000

$78,000

$0

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