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17. Support equipment used to drill a development well cost $13,000 and has a 10 -year life with a salvage value of $1,000. The equipment

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17. Support equipment used to drill a development well cost $13,000 and has a 10 -year life with a salvage value of $1,000. The equipment was used for three months in drilling Hope \#1. Record depreciation. Ignore the wells-in-progress account and use the appropriate final account

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