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Determine the annual straight-line depreciation

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Reference no: EM132983621

Question - Equipment acquired at the beginning of the year at a cost of $30,800 has an estimated residual value of $2,800 and an estimated useful life of four years.

Required -

a) Determine the depreciable cost?

b) Determine the straight-line rate?

c) Determine the annual straight-line depreciation?

Reference no: EM132983621

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