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A business purchases $20,000 of equipment on 10/1/09 (straight-line method of depreciation; 4 year life; $4,000 salvage value). How much depreciation expense would they record

A business purchases $20,000 of equipment on 10/1/09 (straight-line method of depreciation; 4 year life; $4,000 salvage value). How much depreciation expense would they record in 2009? Show work to receive partial credit.

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