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Assume the following information in regard to a depreciable asset. Cost $790,000 Salvage Value $15,000 Calculate the yearly depreciation under the straight-line method, assuming a

Assume the following information in regard to a depreciable asset.

Cost $790,000

Salvage Value $15,000

Calculate the yearly depreciation under the straight-line method, assuming a useful life of 7 years.

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