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A company buys equipment for $48,000 expects to use it for six years, and then sell it for $6,000. Using the straight-line method, the company

A company buys equipment for $48,000 expects to use it for six years, and then sell it for $6,000. Using the straight-line method, the company should report annual depreciation for the equipment of: $7,000 $16,000 $14,000 $8,000

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