Question: Consider an asset that was separated into its main components (A, B, and C). The $1200000 purchase price was allocated to these components in
Consider an asset that was separated into its main components (A, B, and C). The $1200000 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 $18100. Assuming straight-line depreciation, total annual depreciation expense, to the nearest dollar, relating to these assets is
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