Suppose you purchase a $10,000 barge -- a 10-year asset. What is the depreciation on the barge in the 2nd year you own it? Your answer is ...................?

Suppose you purchase a $10,000 barge -- a 10-year asset. What is the depreciation on the barge in the 2nd year you own it?

Your answer is ...................?

Answer
$1,800