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A company purchased factory equipment on April 1, 2022 for $131200. It is estimated that the equipment will have a $16000 salvage value at the

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A company purchased factory equipment on April 1, 2022 for $131200. It is estimated that the equipment will have a $16000 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 O $11520. $8640 O $9840 O $13120

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