White Mountain Supply Company purchases warehouse shelving for $18,300. Shipping charges were $370, and assembly and setup amounted to $575. The shelves are expected to last for 9 years and have a...


White Mountain Supply Company purchases warehouse shelving for $18,300. Shipping charges were $370, and assembly and setup amounted to $575. The shelves are expected to last for 9 years and have a scrap value of $700. Use the straight-line method of depreciation to answer the questions. (Round your answers to the nearest cent.)



(a) What is the annual depreciation expense (in $) of the shelving?



$


(b) What is the accumulated depreciation (in $) after the third year?

$




(c) What is the book value of the shelving (in $) after the fifth year?


$




Jun 08, 2022
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