Question:

A refrigerator used by a wholesale warehouse has a cost of

Last updated: 7/26/2022

A refrigerator used by a wholesale warehouse has a cost of

A refrigerator used by a wholesale warehouse has a cost of $81,100, an estimated residual value of $5,300, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method?