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A company purchased equipment on April 1, 2020, for $48,000 ($6,000 salvage value; 10- year useful life). Using the straight-line method of depreciation, the amount

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A company purchased equipment on April 1, 2020, for $48,000 ($6,000 salvage value; 10- year useful life). Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2020 is

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