An accounting firm purchased a new digital camera that cost $2,500. the life of the camera is estimated to be 5 years. the total salvage value after 5 years of use is estimated to be $700. using the straight-line method, find the annual depreciation of the camera.

Ask your question to the AI advisor

Ai-bot is an expert in any field and is the perfect companion for reliable and useful answers and advice on a variety of topics, including science, history, technology, art, sports, health, culture and more.