Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Shipping Setup Charges Charges Salvage Value Estimated Useful Life (years) Total Annual Total Cost Cost Depreciation Depreciation $700.000 $15.400 $100.000 14

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A: Please refer to the image below

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A: Recall the following fact.

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.