1. You also note the company depreciated an asset, purchased for $6M, over seven years using the straight-line method. What is the total depreciation expense (to the nearest dollar) at the end of year 4?
2. Based on the depreciation notes above, you conclude that depreciation expense is:
A) A cash expense
B) Equal each year the asset is depreciated
C) A non-cash expense
D) A and B above