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A company acquired equipment on April 1 , Year 1 , for $13,500. The company estimates a residual value of $1,100 and a five-year service

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A company acquired equipment on April 1 , Year 1 , for $13,500. The company estimates a residual value of $1,100 and a five-year service life. Required: Calculate depreciation expense using the straight-line method for Year 1 and Year 2, assuming a December 31 year-end

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