find the annual amount of depreciation, using the straight - line method.\ncost\t$2,700\nestimated life\t4…

find the annual amount of depreciation, using the straight - line method.\ncost\t$2,700\nestimated life\t4 years\nestimated scrap value\t$600\n\nwhat is the annual depreciation?\n$□

find the annual amount of depreciation, using the straight - line method.\ncost\t$2,700\nestimated life\t4 years\nestimated scrap value\t$600\n\nwhat is the annual depreciation?\n$□

Answer

Explanation:

Step1: Calculate depreciable cost

Depreciable cost = Cost - Scrap value. So, depreciable cost = $2700 - 600=2100$.

Step2: Calculate annual depreciation

Annual depreciation = Depreciable cost / Estimated life. So, annual depreciation = $\frac{2100}{4}=525$.

Answer:

$525$