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ABC Company's financial statements are reported on a calendar year basis. On July 1, Yr 1, Fall MBA, LLC used cash and credit to purchase
ABC Company's financial statements are reported on a calendar year basis. On July 1, Yr 1, Fall MBA, LLC used cash and credit to purchase a new printer for $64,000. The printer is expected to operate for eight (8) years, after which it will be sold for a salvage value estimated to be $6,400.
If Fall MBA, LLC uses the straight-line method, compute the depreciation expense for the years ended:
a) Year 1 b) Year 2
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