Question

A refrigerator used by a wholesale warehouse has a cost of $64,000, an estimated residual value of $5,200, and an estimated useful life of 12 years. What is the amount of the annual depreciation computed by the straight-line method

Answer 1

(64,000- 5,200 = 58,800).

Step-by-step explanation:

Subtract your originial cost from the residual value. (64,000- 5,200 = 58,800).