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Bronze Company purchased a furnace for $10,000. The life of the furnace is estimated to be 5 years, and its trade-in value at the end

Bronze Company purchased a furnace for $10,000. The life of the furnace is estimated to be 5 years, and its trade-in value at the end of 5 years is $4,000. The yearly depreciation for the furnace is _____.

a.$2,250

b.$1,200

c.$900

d.$3,100

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