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A company purchased factory equipment on April 1 , 2 0 2 2 for $ 8 5 0 0 0 . It is estimated that

A company purchased factory equipment on April 1,2022 for
$85000. It is estimated that the equipment will have a
$13000salvage value at the end of its10-year useful
life. Using the straight-line method of depreciation, the amount to
be recorded as depreciation expense at December 31,2022 is$7200.$6375.$5400.$8500.

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