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Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $62,150, an estimated residual value of $5,000, and an estimated useful life

Straight-Line Depreciation

A refrigerator used by a wholesale warehouse has a cost of $62,150, an estimated residual value of $5,000, and an estimated useful life of 6 years.

What is the amount of the annual depreciation computed by the straight-line method?

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