Question: EX . 1 0 . 1 0 . ALGO ( Algorithmic ) Depreciation by Two Methods A storage tank acquired at the beginning of the

EX.10.10.ALGO (Algorithmic)
Depreciation by Two Methods
A storage tank acquired at the beginning of the fiscal year at a cost of $75,000 has an estimated residual value of $4,500 and an estimated useful life of five years.
a. Determine the amount of annual depreciation by the straight-line method.
Depreciation
Year 1
Year 2
EX.10.10.ALGO (Algorithmic) Depreciation by Two Methods A storage tank acquired at

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