QUESTIONS A company purchases a plece of machinery costing $2,800,000 having a year useful life and a $700,000 residual value. Using the straight line method of depreciation, what is annual depreciation expense? $400,000 $300,000 $700,000 QUESTION 9 From the above problem, how much is accumulated depreciation after year 37 $1,900,000 51,600,000 $1,300,000