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A company purchased factory equipment on April 1, 2022 for $115300. It is estimated that the equipment will have a $14500 salvage value at the

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A company purchased factory equipment on April 1, 2022 for $115300. It is estimated that the equipment will have a $14500 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, 2022 is $7560. $8648 $11530. $10080

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