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A company purchased factory equipment on June 1,2017 , for 4,000,000. It is estimated that the equipment will have a 250,000 residual value at the
A company purchased factory equipment on June 1,2017 , for 4,000,000. It is estimated that the equipment will have a 250,000 residual 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 A. 375,000. B. 218,750. C. 187,500. D. 156,250
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