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Determine the annual straight-line depreciation

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Reference no: EM132694273

Problem - Equipment acquired at the beginning of the year at a cost of $340,000 has an estimated residual value of $45,000 and an estimated useful life of 10 years.

(a) Determine the depreciable cost.

(b) Determine the straight-line rate.

(c) Determine the annual straight-line depreciation.

Reference no: EM132694273

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