Question
A petroleum engineer purchases a new liquefied natural gas exchanger for $80,000,000.00. It will be used for 20 years and be sold for a
A petroleum engineer purchases a new liquefied natural gas exchanger for $80,000,000.00. It will be used for 20 years and be sold for a salvage value of $12,000,000.00. Calculate the straight line depreciation for the exchanger.
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