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Determine the amount of the annual depredation

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Reference no: EM132465275

Equipment with a cost of $339,900 has an estimated residual value of $39,100, has an estimated useful life of 32 years, and is depreciated by the straight-line method.

Question 1a. Determine the amount of the annual depredation.

Question 1b. Determine the book value after 14 full years of use.

Question 1c. Assuming that at the start of the year 15 the remaining life is estimated to be 22 years and the residual value is estimated to be $38,900, determine the depredation expense for each of the remaining 22 years.

Reference no: EM132465275

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