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A new business buys $20,000 worth of computer equipment. If the useful life of the equipment is 10 years with a salvage value of $3,000,

A new business buys $20,000 worth of computer equipment. If the useful life of the equipment is 10 years with a salvage value of $3,000, provide the formula to determine the depreciation during the first year assuming straight-line depreciation. What is the formula result? PLEASE PROVIDE AN EXCEL FORMULA

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