An oil company is buying a semi-submersible oil rig for 20, Ask an Expert

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An oil company is buying a semi-submersible oil rig for $20 million. Additionally, it will cost $1.5 million to move the oil rig to the oil-field and to prepare it for operations. If it is depreciated over five years using straight-line depreciation, what are the yearly depreciation expenses in this case?

A) $3.8 million

B) $4.0 million

C) $4.3 million

D) $5.0 million

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91557565

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