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A company purchased factory equipment on June 1,2021 , for $151000. It is estimated that the equipment will have a $8200 salvage value at the
A company purchased factory equipment on June 1,2021 , for $151000. It is estimated that the equipment will have a $8200 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 31,2021 , is $8330. $14280. $5950. $7140
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