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What is the amount of total depreciation

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Question - Malvern Contractors purchased a new bull-dozer for $85,000. Shipping charges were $1,500 and other costs associated with the bull-dozer amounted to $925. The bull-dozer is expected to last 5 years and has a residual value of $10,000. Malvern elects to use the straight-line method of depreciation.

a. What is the amount of total depreciation?

b. What is the amount of the annual depreciation?

Reference no: EM133092168

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