Revision of Depreciation

Equipment with a cost of $915,200 has an estimated residual value of $83,200, has an estimated useful life of 20 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 after 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 14 years and the residual value is estimated to be $72,200, determine the depreciation expense for each of the remaining 14 years. $fill in the blank 3