Question: Consider an asset that was separated into its main components (A, B, and C). The $1263000 purchase price was allocated to these components in equal

Consider an asset that was separated into its main components (A, B, and C). The $1263000 purchase price was allocated to these components in equal proportions. The useful lives are 12,4 , and 7 years for components A,B, and C respectively. Components A and B are not expected to have any residual value, but Component C is expected to have a residual value of $20800.

Assuming straight-line depreciation, calculate total annual depreciation expense, relating to these assets.

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