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Based on the information below, what amount should be recorded for depreciation at the end of Year 1 assuming Straight-Line Depreciation is used? Cost of

Based on the information below, what amount should be recorded for depreciation at the end of Year 1 assuming Straight-Line Depreciation is used? Cost of Equipment $100,000 Salvage Value $5,000 Usefulute 20 years $250. 59.750 54,750 $5,000

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