=+EX 10-18 Disposal of fixed asset obj. 3

✔

b. $177,750 Equipment acquired on January 3, 2007, at a cost of $265,500, has an estimated useful life of eight years and an estimated residual value of $31,500.

a. What was the annual amount of depreciation for the years 2007, 2008, and 2009, using the straight-line method of depreciation?