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18- On January 1, 2006, Boyd Corporation purchased a piece of equipment for $50,000, will pay $1,500 in property tax during the year, paid $500
18- On January 1, 2006, Boyd Corporation purchased a piece of equipment for $50,000, will pay $1,500 in property tax during the year, paid $500 to have it delivered, paid $1,000 to have it installed, paid $300 for 1 year of insurance, and paid $1,800 in sales tax. If the equipment has a ten year life and a $2,000 salvage value what will be the depreciation of the equipment for 2006 if straight-line depreciation is used. (answer is 5130, please do simple steps to get there.)
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