Reliable Construction Company bought a backhoe for $100,000, which it expects to be able to use for 20 years. Rather than showing an expense of $100,000 in the first year and no expense for the crane over the next 19 years, the company can report depreciation expenses of ________ per year in each of the next 20 years because that better matches the cost of the machine to the years it is used. (($5,000))

Open chat
Can we help you?