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Business mathematics chapter 17 SECTION 1 . TRADITIONAL DEPRECIATION-METHODS USED FOR FINANCIAL STATEMENT REPORTING 10. White Mountain Supply Company purchases warehouse shelving for $18,600. Shipping

Business mathematics chapter 17

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SECTION 1 . TRADITIONAL DEPRECIATION-METHODS USED FOR FINANCIAL STATEMENT REPORTING 10. White Mountain Supply Company purchases warehouse shelving for $18,600. Shipping charges were $370, and assembly and setup amounted to $575. The shelves are expected to last for 7 years and have a scrap value of $900. Using the straight-line method of depreciation, a. What is the annual depreciation expense of the shelving? b. What is the accumulated depreciation after the third year? c. What is the book value of the shelving after the fifth year? hod of

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