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Find the monthly depreciation charge is calculated

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Problem 1: Cash Registers owned by the business: original purchase price was $10,000, estimated useful life was 4 years, and estimated residual value was $1,500 at the end of the useful life. Depreciation is calculated on a monthly basis using the straight line method. The monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year.

Reference no: EM132663525

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