Question 1 {6 points) A rm is considering purchasing an asset that will have a useful life of 8 years and cost $5.5 million and it will have installation costs of $90,000. What is the annual straight-line depreciation for this asset? O 1} $422,000 per year Q 2} $681500 per year 0 3} $698,750 per year 0 4} $530,450 per year