An oil company is buying a semi-submersible oil rig for $16.5 million. Additionally, it will...
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An oil company is buying a semi-submersible oil rig for $16.5 million. Additionally, it will cost $1.5 million to move the oil rig to the oil-field and to prepare it for operations. If it is depreciated over five years using straight-line depreciation, what are the yearly depreciation expenses in this case? $3.3 million $3.0 million $3.9 million $2.7 million $4.2 million $3.6 million
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