The business bought equipment for

$20,000

with a useful life of five years. The equipment will be worthless at the end of the fifth year. At the end of the third year, the equipment would have depreciated by:\ Select one:\ a.

$12,000

\ b.

$4,000

\ c.

$20,000

\ d.

$8,000

The business bought equipment for $20,000 with a useful life of five years. The equipment will be worthless at the end of the fifth year. At the end of the third year, the equipment would have depreciated by: Select one: a. $12,000 b. $4,000 c. $20,000 d. $8,000