Revision ofDepreciation

A building with a cost of $168,750 has an estimatedresidual valueof $33,750, has an estimated useful life of 9 years, and is depreciated by thestraight-line method.

a.What is the amount of the annual depreciation? Do not round intermediate calculations.

$

b.What is thebook valueat the end of the fifth year of use?

$

c.If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $8,750, what is the depreciation expense for each of the remaining 5 years?

$