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10. Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 that the equipment will have a $60,000
10. Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 that the equipment will have a $60,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be a. $70,800 b. $58,800 for building a foundation and installing the equipment. It is estimated c. $49,200 d. $48,000
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