On January 1, 2003, Selkirk Company purchased equipment at a cost of $80,000.The equipment was estimated to have a residual value of $8,000 and it is being amortized over eight years under the straight-line method.What should be the charge for depreciation of this equipment for the year ended December 31, 2010?

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The Answer of On January 1, 2003, Selkirk Company purchased equipment at a cost of $80,000.The equipment was estimated to have a residual value of $8,000 and it is being amortized over eight years under the straight-line method.What should be the charge for depreciation of this equipment for the year ended December 31, 2010?

On January 1, 2003, Selkirk Company Purchased Equipment at a Cost