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A company purchased factory equipment on June 1, 2017, for $130300. It is estimated that the equipment wil have a $17500 salvage value at the

A company purchased factory equipment on June 1, 2017, for $130300. It is estimated that the equipment wil have a $17500 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

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