An Oil Company Is Buying a Semi-Submersible Oil Rig for $20

question 23

Multiple Choice

An oil company is buying a semi-submersible oil rig for $20 million.Additionally,it will cost $1.5 million to move the oil rig to the oil-field and to prepare it for operations.If it is depreciated over five years using straight-line depreciation,what are the yearly depreciation expenses in this case?

• A)$3.8 million
• B)$4.0 million
• C)$4.3 million
• D)$5.0 million

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Definitions:

Sensory Neurons

Nerve cells that are responsible for converting external stimuli from the organism's environment into internal electrical impulses.

Synapses

The junctions between neurons through which nerve impulses pass, allowing for communication within the nervous system.

Specialized Cells

Cells that have developed unique characteristics and functions to perform specific roles within an organism.

Sense of Balance

The ability to maintain bodily equilibrium or stability through the integration of sensory information from the vestibular system, vision, and proprioception.