A copy machine was purchased for $22,000. It is estimated that the machine will have a useful life of 4 years and a residual value of $2,000. How much will be depreciated during the first full year using the straight line method of depreciation? a. $20,000 b. $5,500 c. $5,000 O d. $2,000

ine method of depreciation? a. $20,000 b. $5,500 c. $5,000 d. $2,000