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Revision of depreciation Equipment with a cost of $ 2 4 0 , 0 0 0 has an estimated residual value of $ 1 8

Revision of depreciation

Equipment with a cost of $

240, 000

has an estimated residual value of $

18, 600,

has an estimated useful life of

12

years, and is depreciated by the straightline method.

.

Determine the amount of the annual depreciation.

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