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A company purchased equipment for $65,000 with a salvage value of $5,000 on April 1, Year 1. It has an estimated useful life of 5

A company purchased equipment for $65,000 with a salvage value of $5,000 on April 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

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