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Assuming Straight Line depreciation is used, what is the annual Depreciation Expense in Year 3 for an asset with a $2,500 Book Value, $500

Assuming Straight Line depreciation is used, what is the annual Depreciation Expense in Year 3 for an asset with a $2,500 Book Value, $500 Residual Value, and 4 year Estimated Useful Life? $400 $450 $500 $550

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