A refrigerator used by a wholesale warehouse has a cost of $$66,700,$ an estimated residual value of $$5,100,$ and an estimated useful life of $14$ years.

What is the amount of the annual depreciation computed by the straight$-$line method?

$fill in the blank $1$

Feedback Area

Feedback

Asset minus residual value equals depreciable cost. Straight$-$line depreciation allocates the depreciable cost of the asset equally over the period of use.