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A company purchased factory equipment on April 1, 2025 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, 2025 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, 2025 is $11530. $8648 $7560 $10080

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