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What is the annual depreciation expense due to the equipment

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Reference no: EM132963050

Problem 1: FRA Limited has current assets of $52,300, fixed assets of $364,400, current liabilities of $77,500 and non-current liabilities of $129,200. Calculate the firm's shareholders' equity.

Problem 2: OK Limited purchased equipment 4 years ago worth $639,000. The equipment is being depreciated straight line over 9 years with no residual value. What is the annual depreciation expense due to the equipment?

Reference no: EM132963050

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