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Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the
Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost Shipping Charges Setup Charges Total Cost Salvage Value Estimated Useful Life (years) Total Depreciation Annual Depreciation $700,000 0 $15,600 $100,000 13 $ $ $ Complete the sum-of-the-years' digits method of depreciation. Depreciation Rate Fraction Useful Life (years) Sum-of-the- Years' Year 1 Year 3 Year 5 9 Complete using the declining-balance method of depreciation. Round to the nearest hundredth of a percent when necessary. Useful Life (Years) Straight-Line Rate (%) Multiple (%) Declining-Balance Rate (%) 2 % 200 %
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