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Company A purchased a new piece of equipment on September 1, 2020 at the cost of $74,000. the equipment has estimated useful life of 8

Company A purchased a new piece of equipment on September 1, 2020 at the cost of $74,000. the equipment has estimated useful life of 8 years and an estimated salvage value of $20,00. Company A uses sum-of year digits depreciation method. How much depreciation expense should Company A record in 2020 and 2021?

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