Zippy Company purchased equipment for $24,000 with an estimated salvage value of $4,000.It also estimates a useful life of 5 years.If the company used the straight-line depreciation method the depreciation expense would be:

Question 15 options:

a)

$2,000 each year.

b)

$5,000 each year.

c)

$4,800 each year.

d)

$4,000 each year.