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ABC Company purchased an equipment costing $8,000 on July 14. It is expected to last for 10 years and then sell for $1000. The amortization

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ABC Company purchased an equipment costing $8,000 on July 14. It is expected to last for 10 years and then sell for $1000. The amortization cost will be for the first year ( nearest month method and double declining method)? 800 667 none of them O 1600

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