Calculate the Total Cost, Total Depreciation, and Annual Depreciation for the Following

question 68

Short Answer

Calculate the total cost, total depreciation, and annual depreciation for the following asset using the straight-line method. $$\begin{array} { l l l l l l l l } & & & & &&{ \text { Estimated } } \\& \text { Freight } & \text { Set-up } & \text { Total } & \text { Salvage } & \text { Total } & \text { Useful } & \text { Annual } \\\text { Cost } & \text { Charges } & \text { Charges } & \text { Cost } & \text { Value } & \text { Deprec. } & \text { Life } & \text { Deprec. } \\\$ 745,000 & \$ 2,800 & \$ 15,000 & & \$ 22,015 & & 14 &\end{array}$$

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