If a company spends $80 million to build facility space sufficient to hold 5 million pairs of footwear-making equipment at a site in Latin America, then the company's annual depreciation costs for this facility space will be

$8,000,000

Explanation:

From the question given, the cost of the building facility is $80 million. Also, it should be noted that the default rate for depreciation is given as 10%, therefore, the company's annual depreciation costs for this facility space will be:

= Depreciation rate × Cost of building

= 10% × $80,000,000

= 0.1 × $80,000,000

= $8,000,000

answer; test-retest;

answer; the nav calculated at the market close at 4: 00 pm new york time;