Revision of Depreciation

Equipment with a cost of $432,300 has an estimated residual value of $39,300, has an estimated useful life of 15 years, and is depreciated by the straight-line method.

a. Determine the amount of the annual depreciation. $fill in the blank 1

b. Determine the book value at the end of the 10 full years of use. $fill in the blank 2

c. Assuming that at the start of the year 11 the remaining life is estimated to be 8 years and the residual value is estimated to be $35,900, determine the depreciation expense for each of the remaining 8 years. $fill in the blank 3