Phillips tool and did company bought $72,000 of equipment with an estimated service life of 4 years. The equipment will be worthless at the end of its life. The annual amount of straight-line depreciation on this equipment is:

A: $18,000

B: $36,000

C: $72,000

D: $0

Question 12 (of 16 Submit 15.00 points Phillips Tool and Die Company bought $72,000 of equipment with an estimoted service life of 4 years The equipment will be worthliess at the end of ins life. The annual amount of ser ?$18,000 O $36.000 O $72.000 O so Type here to search