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Equipment with a cost of $337,400 has an estimated residual value of $33,400, has an estimated useful life of 32 years, and is depreciated by
Equipment with a cost of $337,400 has an estimated residual value of $33,400, has an estimated useful life of 32 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. b. Determine the book value after 19 full years of use. $ c. Assuming that at the start of the year 20 the remaining life is estimated to be 18 years and the residual value is estimated to be $30,900, determine the depreciation expense for each of the remaining 18 years.
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