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 Estimated Useful Life Setup Total Cost Salvage Value Total Annual Cost Charges Charges Depreciation Depreciation (years) S8,700 $625 $2,500 $7,000 7.
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 Estimated Useful Life Setup Total Cost Salvage Value Total Annual Cost Charges Charges Depreciation Depreciation (years) S8,700 $625 $2,500 $7,000 7.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.5: Declining-balance Method Of Depreciation
Problem 1OYO
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![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.)
Estimated
Shipping
Charges
Setup
Charges
Total
Salvage
Value
Total
Annual
Useful Life
(years)
Cost
Cost
Depreciation Depreciation
$88,700
$625
$2,500
$7,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf25cb98-8a11-4c21-ba85-92c0b2ab3853%2Fa64061c8-4357-4eab-9ab2-a5942d88196c%2F769f1se_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.)
Estimated
Shipping
Charges
Setup
Charges
Total
Salvage
Value
Total
Annual
Useful Life
(years)
Cost
Cost
Depreciation Depreciation
$88,700
$625
$2,500
$7,000
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