Problem

Business The lost value of equipment over a period of time is called depreciation. The sim...

BusinessThe lost value of equipment over a period of time is called depreciation. The simplest method for calculating depreciation is straight-line depreciation. The annual straight-line depreciation D of an item that cost x dollars with a useful life of n years is D = (1/n)x. Find the depreciation for items with the given characteristics.

Cost: $41,762; life 15 yr

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