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### A company purchases equipment for $ 1 0 , 0 0 0 with a salvage value of $ 1 , 0 0 0 and

### A company purchases equipment for $10,000 with a salvage value of $1,000 and an estimated useful life of 5 years. What is the annual depreciation expense using the straight-line method?
a) $1,500
b) $1,800
c) $1,800
d) $2,000

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