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A company purchased a computer system on March 1. Its cost was $35,000?,and it had an estimated salvage value of $7,000. It was expected to
A company purchased a computer system on March 1. Its cost was
$35,000?,and it had an estimated salvage value of $7,000.
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. Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar. Do not convert the useful life of the asset to? months.)\
A. 5600 B.7000 C.4648 D. 4200
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