The correct option for depreciation is (d) $1,245.61
Given,
5000 after 25 year at 5.5% discount rate amounts to $1,245.61
X = 5000 (1-5.5/100)^25
= 5000 (94.5/100)^25
= 1215.61
Depreciation is the systematic distribution of an asset's depreciable value over the course of its useful life. The cost of an asset, or another amount substituted for cost, less its residual value, is the asset's depreciable amount.
Subtract the asset's cost from its salvage value (what you anticipate it will be worth at the end of its useful life) to determine depreciation using the straight-line method. The result is the depreciable basis, or the amount that may be written off. Subtract this sum from the asset's useful life in years.
To learn more about depreciation rate visit:
https://brainly.com/question/13896764
#SPJ4
