Question: A refrigerator used by a meat processor has a cost of $60,000, an estimated residual value of $12,600, and an estimated useful life of 12

A refrigerator used by a meat processor has a cost of $60,000, an estimated residual value of $12,600, and an estimated useful life of 12 years. What is the amount of the annual depreciation computed by the straight-line method?

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