Shipping Setup Total Cost Salvage Estimated Depreciation Charges Charges Value Useful Life Cost (years) Total Annual 1. $5,600 $210 $54 $5,864 $600 6 $5,264 $877.33 2. $16,900 $310 0 $1,900 4Level 2 Chapter 17 - Assessment Test - Exercise 1. 2 Calculate the total cost, total depreciation. and annual depreciation for the following assets by using the straight-line method: (Use the textbook for your input data) Exercise #1 Exercise #2 Cost: Freight charges = Set up charges 2 Total cost : Salvage value = Estimated useful life (years) : Total depreciation = |:l Annual depreciation =