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A photo shop 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. Find the annual depreciation of the camera using straight-line method.

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A photo shop 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. Find the annual depreciation of the camera using straight-line method.






 
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