Using the Straight Line (SL) depreciation method, what is the (a) annual depreciation charge, Dt=?, (b) the total accumulated depreciation charge, D3=?, at the end of year 3, and (c) the Book Value, BV3=?, at the end of year 3, for an automobile with a five-year useful life that has a first cost of $20,200 and an $8,565.00 salvage value?

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a The annual depreciation charge using the Straight Line SL depre... View the full answer