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A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed
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A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual depreciation computed by the straight-line method

User Matheus Cuba
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6 votes

Answer:

Annual depreciation computed by straight-line method is $9,475

Step-by-step explanation:

Straight line method of depreciation = cost of purchase minus residual value all divided by number of useful life.

Please refer to the attached for the explanation/calculation

A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual-example-1
User Xandra
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