PMP Exam Simulator

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info iconPMP exam lasts 4h and has 200 questions
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lock iconCost Management

The project manager for a construction project has purchased a piece of equipment for $15,000. It is expected to last five years in production. At the end of the five years, the expected worth of the equipment will be $1000. Using straight-line depreciation, what is the amount that can be written off each year?