A refrigerator used by a meat processor has a cost of $48,000, an estimated residual value of $9,000, and an estimated useful life of 15 years. What is the amount of the annual depreciation computed by the straight-line method?
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Home » Mathematics » Ex 9-9 Straight-line depreciation ObJ. 2 A refrigerator used by a meat processor has a cost of $48,000, an estimated residual value of $9,000, and an estimated useful life of 15 years.