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Equipment with a cost of $304,000 has an estimated residual value of $41,600, has an...

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Accounting

Equipment with a cost of $304,000 has an estimated residual value of $41,600, has an estimated useful life of 16 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. $fill in the blank 1 b. Determine the book value at the end of the tenth year of use. $fill in the blank 2 c. Assuming that at the start of the eleventh year the remaining life is estimated to be eight years and the residual value is estimated to be $16,800, determine the depreciation expense for each of the remaining eight years. $fill in the blank 3

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