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 Setup Charges charges Total Cost Salvage Value Estimated Useful Life (years) Total Depreciation Annual Depreciation $76,500 $1,400 $750 $4,500 11 White Mountain Supply Company purchases warehouse shelving for $18,300. Shipping charges were $370, and assembly and setup amounted to $575. The shelves are expected to last for 8 years and have a scrap value of $700. Use the straight-line method of depreciation to answer the questions. (Round your answers to the nearest cent.) (a) What is the annual depreciation expense (in $) of the shelving? $ (b) What is the accumulated depreciation (in $) after the third year? $ (c) What is the book value of the shelving in $) after the fifth year? 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