QUESTION $8$

Farmer Jason purchased a piece of machinery for $$56,000.$ Assume a $7-$year useful life and no salvage value. Calculate the amount of depreciation in the last year of the asset's useful life using the straight line depreciation method.

a$.$ $$8,000$

b$.$ $$0$

C$.$ $$6,800$

d$.$ $$2,000$