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A piece of equipment is purchased for $ 4 0 , 0 0 0 and has an estimated salvage value of $ 1 , 0

A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the straight-line method with a recovery period of five years. Upload your schedule in an excel file to this question.

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