Find book value at the end of the first year

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Reference no: EM132723274

KFC purchased a new low-fat chicken cooker at a cost of $53,000. The estimated life of the fryer is 6 years, with a salvage value of $7000.

Problem 1: Find

(a) The annual rate of depreciation,
(b) The annual amount of depreciation, and
(c) The book value at the end of the first year.

Reference no: EM132723274

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