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China Dragon purchased new restaurant equipment on September 1,2024, for $10,000. Residual value at the end of an estimated fiveyear service life is expected to

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China Dragon purchased new restaurant equipment on September 1,2024, for $10,000. Residual value at the end of an estimated fiveyear service life is expected to be $2,400. Required: Calculate depreciation expense using the straight-line method for 2024 and 2025, assuming a December 3f year-end. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.)

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