Tina cole is a certified financial adviser. she purchased equipment for her office for $8,843. the trade-in value of the equipment is estimated to be $450 after 7 years of use. using the straight-line method, what is the annual depreciation to the nearest cent?

$1,199 per year.

Step-by-step explanation:

Tina Cole is a certified financial adviser.

She purchased equipment for her office costs = $8,843

After 7 years of use the trade-in value of the equipment is estimated = $450

Total depreciation in 7 years = 8,843 - 450 = $8,393

We have to calculate the annual depreciation using the straight-line method.

So we divide $8,393 by 7

$8,393 ÷ 7 = $1,199

The annual depreciation of the equipment is $1,199 per year.

answer: 7270

step-by-step explanation:

i dony know

step-by-step explanation: