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Straight-Line Depreciation A refrigerator used by a restaurant has a cost of $121,200, an estimated residual value of $13,020, and an estimated useful life of

Straight-Line Depreciation

A refrigerator used by a restaurant has a cost of $121,200, an estimated residual value of $13,020, and an estimated useful life of 18 years.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.

What is the amount of the annual depreciation computed by the straight-line method? $fill in the blank 2

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