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Equipment acquired at a cost of $168,000 with an estimated useful life of 18 years...

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Accounting

Equipment acquired at a cost of $168,000 with an estimated useful life of 18 years and estimated residual of $15,000,

has accumulated depreciation at the end of Year 4 of $34,000. (a) Determine the annual depreciation using the straight

method; (b) Determine the Book Value at the end of Year 4.

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