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A fixed asset has a useful life of 5 years is purchased on the first of January of a certain. The purchasing price of the

A fixed asset has a useful life of 5 years is purchased on the first of January of a certain. The purchasing price of the asset is $3,017.15, and its residual value is expected to be $759.01.. Based on this information, the depreciation for year 1 will be equal to (in three digits)

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