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Calculate the total cost, total depreciation, and annual depreciation for the following asset by using the straight-line method. Round answers to the nearest cent when

Calculate the total cost, total depreciation, and annual depreciation for the following asset by using the straight-line method.

Round answers to the nearest cent when necessary.

Estimated
Shipping Setup Total Salvage Useful Life Total Annual
Cost Charges Charges Cost Value (years) Depreciation Depreciation
$73,800 $1,700 $700 $ $6,500 11 $ $

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