• Calculate the annual depreciation expense for a piece of machinery purchased by Coca-Cola Company.
• Use the following data:
  • Cost of Machinery: $200,000
  • Salvage Value: $20,000
  • Useful Life: 8 years
  • Depreciation Method: Straight-Line

Question:

Using the given data, calculate the annual depreciation expense for the machinery using the straight-line method. Show your calculations.