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A company purchased factory equipment on April 1, 2017, for $118800. It is estimated that the equipment will have a $18000 salvage value at the

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A company purchased factory equipment on April 1, 2017, for $118800. It is estimated that the equipment will have a $18000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017, is $11880. $10080 $7560. $8910

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