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Company A purchased an equipment for $16,160 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $2,000 salvage value.

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Company A purchased an equipment for $16,160 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life and a $2,000 salvage value. On January 1, 2021, the company determines that the equipment will be used until December 31, 2022, when it can be sold for $1,000. Determine the 2021 depreciation: $ (Round final answer to 0 decimal places, e.g. 3369; do not include dollar sign and comma in your final

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