Equipment with a cost of \$707.9 has an estimated residual value of \$64,400 , has an estimated useful life of 45 years, and is depreciated by the straight line method

Equipment with a cost of $707,900 has an estimated residual value of $64,400, has an estimated useful life of 45 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. 14,300 b. Determine the book value after 24 full years of use. $364,700 c. Assuming that at the start of the year 25 the remaining life is estimated to be 29 years and the residual value is estimated to be $63,100, determine the depreciation expense for each of the remaining 29 years