Using The Information Provided In Question 2, What Is Nick's Current Account Balance?

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Anonymous Profile
Anonymous answered
$ 452.50
Kurtwayne Spence Profile
Kurtwayne Spence answered
A company purchased an air conditioning system for $10,200. The shipping charges on the system were $875, and the setup costs were $1,250.  The system is expected to last for 5 years and has a residual value of $2,000.  If you use the straight-line method to calculate the depreciation for this air conditioning system, what would be the annual depreciation?

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