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Determine the amount of the annual depreciation

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Question - Revision of Depreciation - Equipment with a cost of $772,800 has an estimated residual value of $82,800, has an estimated useful life of 30 years, and is depreciated by the straight-line method.

a. Determine the amount of the annual depreciation.

b. Determine the book value after 15 full years of use.

c. Assuming that at the start of the year 16 the remaining life is estimated to be 22 years and the residual value is estimated to be $86,800, determine the depreciation expense for each of the remaining 22 years.

Reference no: EM133151350

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