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A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method

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tutordamola

Answer:

Annual depreciation computed by straight-line method is $9,475

Explanation:

Straight line method of depreciation = cost of purchase minus residual value all divided by number of useful life.

Please refer to the attached for the explanation/calculation

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