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A company purchased factory equipment on May 1, 2022 for $26000. It is estimated that the equipment will have a $4400 residual value at the
A company purchased factory equipment on May 1, 2022 for $26000. It is estimated that the equipment will have a $4400 residual value at the end of its 8-year useful life. Using straight-line depreciation, the depreciation expense for the years ended December 31, 2022 and 2023 is $2167 in 2022 and $3250 in 2023. O $2700 in 2022 and $2700 in 2023. $1800 in 2022 and $2700 in 2023. none of these
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