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Arson Trading purchased equipment for $72,000 on January 1, 2020. The equipment is expected to have a five-year life, with an estimated disposal value of
Arson Trading purchased equipment for $72,000 on January 1, 2020. The equipment is expected to have a five-year life, with an estimated disposal value of $6,000 at the end of five years. Using the straight-line method, depreciation expense for 2020 would be: O A. $14,400. O B. $13,200. O C. $72,000. O D. $6,000
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