An oil refinery has decided to purchase some new drilling equipment for

$$$$610$ comma $000610,000.$

The equipment will be kept for

$1212$

years before being sold. The estimated SV for depreciation purposes is to be

$$$$35$ comma $00035,000.$

Using the SL$$ method, what is the annual depreciation on the$$ equipment?

Question content area bottom

Part $1$

Choose the correct answer below.

A$.$

The annual depreciation on the equipment is

$$$$53$ comma $75053,750.$

B$.$

The annual depreciation on the equipment is

$$$$45$ comma $00045,000.$

C$.$

The annual depreciation on the equipment is

$$$$47$ comma $91747,917.$

D$.$

The annual depreciation on the equipment is

$$$$50$ comma $83350,833.$