Please fill in the blanks on the table using the information listed below.

The third slide is just to help. Slide 2 must be completed.

Equipment acquired at the beginning of the year at a cost of $125,000 has an estimate residual value of $5,000 and an estimated useful life of 10 years. Determine the: - Depreciable cost - Annual straight-line depreciation - Document the depreciation expense for the 10 years 1. Slide 10 Activitv: Straight-line denreciation. Straight-line depreciation charges the same (equal) amount of expense to each period of the asset's useful life. Computing depreciation using the straight-line method: 1. Compute the depreciable cost of the asset (cost to be depreciated). Initial Cost Residual value = depreciable cost 2. Divide depreciable cost by the number of accounting periods in the asset's useful life. Depreciable Cost (Cost - Residual Value) Useful Life