Mackenzie manufacturing purchased equipment for $160,000. in addition, shipping charges of $2,000 were incurred to obtain the equipment. the company paid $12,500 to construct a foundation and install the equipment. the equipment is estimated to have a residual value of $15,000 at the end of its 5-year useful life. using the straight-line method, what is the amount of depreciation expense each year?

(a) $34,900
(b) $34,500
(c) $29,900
(d) $31,900

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.