PURCHASE PRICE OF MACHINERY USEFUL LIFE RESIDUAL VALUE O $7,000 $7,700 Based on the information above, which of the following is the straight line depreciation of the equipment? O $7,300 $75,000 O $7,500 10 years $2,000

Based on the information above, which of the following is the straight line depreciation of the equipment? $7,000 $7,700 $7,300 $7,500