Answer:
#See solution and attached for details
Step-by-step explanation:
Straight line method assumes a gradual depreciation in value of an asset's useful life.
-It's calculated by dividing the difference between an asset's cost and its expected salvage value by the number of years it is expected to be used.
From our calculation, depreciation is $2,000 per year
Accumulated depreciation=8*2000=$16,000
