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Business mathematics chapter 17 SELL ATION-METHODS USED FOR FINANCIAL STATEMENT REPORTIN 10. White Mountain Supply Company purchases warehouse shelving for $18,600. Shipping charges were $370,

Business mathematics chapter 17

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SELL ATION-METHODS USED FOR FINANCIAL STATEMENT REPORTIN 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

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