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9 A company purchased equipment for $56,000 on 1 April 2018. The estimated residual value is $10,000 and its useful life will be 8 years.

9 A company purchased equipment for $56,000 on 1 April 2018. The estimated residual value is $10,000 and its useful life will be 8 years. Calculate the annual depreciation expense assuming straight-line depreciation. A $7,772 B $7,000 C$2,000 D$5,750

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