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Equipment with a cost of $ 7 7 7 , 0 0 0 has an estimated residual value of $ 7 7 , 0 0

Equipment with a cost of $777,000 has an estimated residual value of $77,000, has an estimated useful life of 25 years, and is depreciated by the straight-line method.
a. Determine the amount of the annual depreciation.
fill in the blank 1 of 1$
28,000
b. Determine the book value after 12 full years of use.
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c. Assuming that at the start of the year 13 the remaining life is estimated to be 17 years and the residual value is estimated to be $84,000, determine the depreciation expense for each of the remaining 17 years.
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