8,9

Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $62,950, an estimated residual value of $5,500, and an estimated useful life of 6 years. What is the amount of the annual depreciation computed by the straight-line method? Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $307,640 and an estimated residual value of $8,200 is expected to have a useful operating we of 76,000 hours. During April, the tractor was operated 100 hours Determine the depreciation for the month. If required, carry out any division to two decimal places