Calculate the annual depreciation amount and book value

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Zaman Security company has received a contract to provide additional security for the outdoor theme park at Desa Java. They plan to propose a CCTV system equipment for use in the 12-years contract. The equipment is expected to cost RM95,000 and the resale value at the end of 7-year is RM20,000. Assume the recovery period for this product is 7 years. Calculate the annual depreciation amount and book value by using straight line method.

Reference no: EM132970863

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