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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