Compute the annual straight-line depreciation, Finance Basics

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Compute the annual straight-line depreciation

Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 after they service their 4 year service life. Golden Sales managers want to evaluate the options of depreciation.

(a) Compute the annual straight-line depreciation and provide the depreciation journal entry to be posted at the end of each of the years.
(b) Write the j

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Finance Basics: Compute the annual straight-line depreciation

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