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Boat Ltd. has a major asset that has just been purchased and has been segregated into the following significant components made up of spare
Boat Ltd. has a major asset that has just been purchased and has been segregated into the following significant components made up of spare parts and major inspections. Component D consists of a group of insignificant components lumped together with an average cost and useful life. Component Quantity Original Unit Cost A 3 $ 138,000 Residual Value $7,000 Useful Life 12years B 6 C 2 D 1 58,000 9,700 3,800 e 3years 1,050 6years 2years Required: 1. Assuming straight-line is the appropriate method of depreciation, what is the amount of depreciation in year one? (Round down the intermediate calculations to the nearest whole dollar. Round final answer to nearest whole dollar.) The amount of depreciation in year one
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