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Autumn Resorts purchased guest room furniture on January 1, 2014 for $120,000. The furniture has an estimated useful life of ten years. What amount will

Autumn Resorts purchased guest room furniture on January 1, 2014 for $120,000. The furniture has an estimated useful life of ten years. What amount will appear on Autumn’s income statement for depreciation expense for the year ending June 30, 2015?

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