on Jan 1, King Hotels purchased a new jacuzzi for its hotel the cost was $45,265 and it has a useful life of 7 years.

Using Straight line depreciation what is the Accumulated depreciation at the end of year 5. The company estimates that after year 7 the jacuzzi will be worth $3800

Round annual depreciation to the nearest penny.

a. 29,617.85

b. 29,716.85

c. 5,923.57

d. 3,800