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17.On June 1, 2020, Mona Corporation purchased factory equipment for $300,000. Salvage value was estimated to be $8,000. The equipment will be depreciated over five

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17.On June 1, 2020, Mona Corporation purchased factory equipment for $300,000. Salvage value was estimated to be $8,000. The equipment will be depreciated over five years using the straight line method. What is the depreciation expense for 2021 on thisequipment of

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