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An oil company is buying a semi-submersible oil rig for $15 million. Additionally, it will cost $3 million to move the oil rig to the
An oil company is buying a semi-submersible oil rig for $15 million. Additionally, it will cost $3 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? $3.0 million $3.6 million $3.8 million $3.3 million
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