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How to calculate the annual depreciation for question below: The cost of equipment is 1,000,000 and depreciated ober a 5-year peruod, using the straight-line method.

How to calculate the annual depreciation for question below: The cost of equipment is 1,000,000 and depreciated ober a 5-year peruod, using the straight-line method. The annual depreciation will be calculated based on a salvage value of the equipment at the end of the project's 5-year life of 60,000. The company however estimated the machine can be sold as scrap for 70,000

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