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Straight - Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $ 6 6 , 7 0 0 , an estimated

Straight

-

Line Depreciation

A refrigerator used by a wholesale warehouse has a cost of $

66, 700,

an estimated residual value of $

5, 100,

and an estimated useful life of

14

years.

What is the amount of the annual depreciation computed by the straight

-

line method?

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