Calculate the total cost, total depreciation, and annual depreciation for the following asset using the straight-line method. $$\begin{array} { l l l l l l l l }
& & & & &&{ \text { Estimated } } \
& \text { Freight } & \text { Set-up } & \text { Total } & \text { Salvage } & \text { Total } & \text { Useful } & \text { Annual } \
\text { Cost } & \text { Charges } & \text { Charges } & \text { Cost } & \text { Value } & \text { Deprec. } & \text { Life } & \text { Deprec. } \
\$ 96,000 & \$ 280 & \$ 3,500 & & \$1,780 & & 7 &
\end{array}$$

Question

Calculate the total cost, total depreciation, and annual depreciation for the following asset using the straight-line method. $$\begin{array} { l l l l l l l l } 
& & & & &&{ \text { Estimated } } \
& \text { Freight } & \text { Set-up } & \text { Total } & \text { Salvage } & \text { Total } & \text { Useful } & \text { Annual } \
\text { Cost } & \text { Charges } & \text { Charges } & \text { Cost } & \text { Value } & \text { Deprec. } & \text { Life } & \text { Deprec. } \
\$ 96,000 & \$ 280 & \$ 3,500 & & \$1,780 & & 7 &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the total cost, total depreciation, and annual depreciation for the following asset using the straight-line method. $$\begin{array} { l l l l l l l l } 
& & & & &&{ \text { Estimated } } \
& \text { Freight } & \text { Set-up } & \text { Total } & \text { Salvage } & \text { Total } & \text { Useful } & \text { Annual } \
\text { Cost } & \text { Charges } & \text { Charges } & \text { Cost } & \text { Value } & \text { Deprec. } & \text { Life } & \text { Deprec. } \
\$ 96,000 & \$ 280 & \$ 3,500 & & \$1,780 & & 7 &
\end{array}$$

Calculate the Total Cost, Total Depreciation, and Annual Depreciation for the Following