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Mrs. Moreno bought a new television for $ 800 for her business. She is the one...

Mrs. Moreno bought a new television for $ 800 for her business. She is the one who keeps the accounts of her business and determines that the television depreciates linearly every year, but it will only last 5 years. What will be the annual depreciation value of television?

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Answer #1

Annual depreciation value of television = Purchase price / Useful life

Annual depreciation value of television = $800 / 5

Annual depreciation value of television = $160

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