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13 December, 08:16

An accounting firm purchased a new digital camera that cost $2,500. The life of the camera is estimated to be 5 years. The total salvage value after 5 years of use is estimated to be $700. Using the straight-line method, find the annual depreciation of the camera.

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  1. 13 December, 08:31
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    2500-700 = 1800

    1800/5 = 360

    The annual depreciation of the camera is $360.
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