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ALL ENTRIES ARE FOR BLUESTAR AIRLINES On July 1st, 2021, BlueStar purchases a Boeing 757 airplane for $50,000,000. The expected salvage value is $10,000,000 and

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ALL ENTRIES ARE FOR BLUESTAR AIRLINES On July 1st, 2021, BlueStar purchases a Boeing 757 airplane for $50,000,000. The expected salvage value is $10,000,000 and the plane is expected to have a useful life of 20 years. Calculate the first years depreciation expense as of 12/31/2021, utilizing the straight-line method

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