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Author Question: An oil company is buying a semi-submersible oil rig for $20 million. Additionally, it will cost $1.5 ... (Read 39 times)

sjones

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An oil company is buying a semi-submersible oil rig for $20 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?
◦ $4.0 million
◦ $3.8 million
◦ $5.0 million
◦ $4.3 million


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Marked as best answer by sjones on Jul 9, 2019

flexer1n1

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sjones

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Reply 2 on: Jul 9, 2019
Excellent


31809pancho

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Reply 3 on: Yesterday
Wow, this really help

 

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