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Saxa's Bank required all operating expenses to be listed out seperately on the income statement. On day 1 of year two, Saxa purchased a high end crane for $90,000. This crane has a service life of 5 years and was purchased with cash. However, on the last day of year two, Saxa sold the grader for $86,000 cash.

Help calculate the construction equiptment annual depreciation and accumulated depreciation.Depreciation Asset Building Construction Equipment Building Improvements 2,750,000 1,375,000 Cost Years Depreciated 27.5 27.5

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Construction Equipment $90,000 Cost (A) Years Depreciated (B) Annual Depreciation (A)/(B) $18,000 $36,000 Depreciation for 2

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