Math

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Could some one please explian how to do this problem thanks :)

A company purchased an air conditioning system for $10,200. The shipping charges on the system were $875, and the set up cost were $1,250,The system is expected to last for five years and has a residual value of $2,000 Using the straight line method to calulate the depreciation for this ac system, what would be annual the depreciation

  • Math -

    The annual straight-line depreciation amount would be (1/5) of (net cost - residual value)
    = (1/5)(10,200 + 875 + 1250 - 2000)
    = ?

  • Math -

    thanks :)

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