The price of a large piece of construction equipment purchased by Hass Construction Company was...
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Accounting
The price of a large piece of construction equipment purchased by Hass Construction Company was $53,500. It cost $1,275 for delivery and $2,750 for installation. The salvage value at the end of a 4-year life is $7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3.
a. $15,925.26
b. $22.301.33
c. $12,506.25
d. $13,501.87
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