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Cost $ 7 9 0 , 0 0 0 Salvage Value $ 1 5 , 0 0 0 a . Calculate the yearly depreciation under

Cost $790,000
Salvage Value $15,000
a. Calculate the yearly depreciation under the straight-line method, assuming a useful
life of 7 years.
b. Complete the journal entry to record yearly depreciation.
Account Title Debit Credit

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