Columbia Manufacturing Corp purchased a new lathe machine for its baseball bat manufacturing plant on January 1 . The machine cost $12,000 and is expected to be used in production for 4 years at which time its estimated salvage value will be $2,000 . The yearly straight-line depreciation for this asset would be
a. $2,500
b. $3,000
c. $4,000
d. $12,000
e. $9,500
A
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