A fishing company is buying a brand new processing line. The equipment costs $4 million while delivery and installation cost $20,000. The company needs to make changes to its' factory to fit the new processing line that which costs another $1 million.

If the company expects the processing line to have a working life of 10 years what will the yearly depreciation cost be assuming they use a straight-line depreciation?

Group of answer choices

a- 500,000

b- 502,000

c- 402,000

d- 400,000