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Straight-Line Depreciation A refrigerator used by a restaurant has a cost of $154,990, an estimated residual value of $16,610, and an estimated useful life

Straight-Line Depreciation A refrigerator used by a restaurant has a cost of $154,990, an estimated residual value of $16,610, and an estimated useful life of 22 years. What is the amount of the annual depreciation computed by the straight-line method?

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