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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

.

Calculate the yearly depreciation under the straight

-

line method, assuming a useful

life of

7

years.

.

Complete the journal entry to record yearly depreciation.

Account Title Debit Credit

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