Union Industries purchased equipment for $86,000 on January 1. The useful life of the equipment is estimated to be four years or 10,000 hours. If the estimated residual value is $7,000, what will be the yearly depreciation expense under the straight-line method?Select answer from the options below$21,500$0$23,250$19,750

A company purchased equipment for $10,000. The equipment has a useful life of 5 years and a salvage value of $1,000. Using the straight-line depreciation method, what is the annual depreciation expense?

A company purchases a machine for $10,000. The estimated residual value is $4,000, and the estimated service life is 4 years or 10,000 units. The company uses the straight-line method of depreciation. The depreciable cost of the asset is:Multiple Choice$6,000$10,000$1,000$1,500

Machinery is purchased for $140,000. It is estimated that it has a useful life of 5 years and a residual value of $20,000. Using the straight-line method, calculate the amount of annual depreciation to be charged.$28,000$14,000$24,000$12,000

A company purchased a delivery van for $21,500 with a salvage value of $3,500 on October 1, Year 1. It has an estimated useful life of 4 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?Multiple Choice$94.$5,375.$4,500.$1,792.$1,125.

Multiple Choice QuestionAssume straight-line depreciation. A company plans to purchase machinery costing $1,000,000 with salvage value of $200,000 after 4 years. Annual income is expected to be $40,000 during the 4 years. Calculate the accounting rate of return. Round your answer to the nearest tenth of a percent.Multiple choice question.15.0%6.7%5.0%13.3%