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A company purchased a computer system on March 1. Its cost was $ 50 000, and it had an estimated salvage value of $ 6000.
A company purchased a computer system on March 1. Its cost was $ 50 000, and it had an estimated salvage value of $ 6000. It was expected to have a useful life of five years. To the nearest dollar, the depreciation for year 1 using straight-line depreciation will be: (Assume company year-end is December 31. Do not round any intermediary calculations and round your final answer to the nearest dollar.) A. $ 12500. B. $ 8250. C. $ 11000. D. $ 7333.
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