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A contractor purchased a dump truck for $98,500. This price included freight. Sales tax was 7.5%. The useful life of this dump truck is 8

A contractor purchased a dump truck for $98,500. This price included freight. Sales tax was 7.5%. The useful life of this dump truck is 8 years and the salvage value is estimated at $10,000. What is the annual depreciation of the dump truck using straight line depreciation? What is the value of the dump truck at the end of year 1, 2, 3, 4, 5, 6, 7 and 8?

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