Benjamn Cruz and Yolanda Vlez Benjamn Cruz is married to Yolanda Vlez, with whom he has a car washing business. The business produces annual income

Benjamín Cruz and Yolanda Vélez Benjamín Cruz is married to Yolanda Vélez, with whom he has a car washing business. The business produces annual income of $120,000. During the taxable year, they acquired and put into operation car washing machinery that has a useful life of five years. They bought the machinery for $25,000.00. 2. In the following case, calculate amortization: 

 A company in its first year whose accounting method is cash basis (cash basis) had expenses of $3,000 for professional services.