ision of depreciation Equipment with a cost of 609 300 has

Last updated: 11/14/2023

ision of depreciation Equipment with a cost of 609 300 has an estimated residual value of 65 300 has an estimated useful life of 20 years and is depreciated by the straight line method a Determine the amount of the annual depreciation b Determine the book value after 7 full years of use c Assuming that at the start of the year 8 the remaining life is estimated to be 17 years and the residual value is estimated to be 56 800 determine the depreciation expense for each of the remaining 17 years