An asset is purchased for $50,000. It has an estimated useful life of 12 years and a salvage value of $5,00

I don't think your entire question was posted.

To calculate the annual depreciation expense for the asset, you can use the straight-line depreciation method. The straight-line method spreads the cost of the asset evenly over its useful life.

Here's how to calculate the annual depreciation expense:

Step 1: Determine the depreciable cost of the asset.
Depreciable cost = Purchase price - Salvage value
Depreciable cost = $50,000 - $5,000
Depreciable cost = $45,000

Step 2: Calculate the annual depreciation expense.
Annual depreciation expense = Depreciable cost / Useful life
Annual depreciation expense = $45,000 / 12 years
Annual depreciation expense = $3,750

Therefore, the annual depreciation expense for this asset would be $3,750.