Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated useful life of 12 years. What is the amount of the annual depreciation computed by the straight-line method? Accounting numeric field The inventory data for an item for November are: Nov. 01 Inventory 23 units at $18 04 Sale 11 units 10 Purchase 33 units at $20 17 Sale 24 units. 30 Purchase 24 units at $22 Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO? Oa. $894 V Ob. $678 Oc. $654 Od. $948