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A piece of equipment was placed in service on January 1, 2017. The cost of the equipment was $20,000, and it is expected to have

A piece of equipment was placed in service on January 1, 2017. The cost of the equipment was $20,000, and it is expected to have no value at the end of its eight-year life. Using straight-line depreciation, what amounts will be seen for depreciation expense and accumulated depreciation for fiscal (and calendar) year 2019?

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