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Consider a firm that purchased an equipment for $133,195 and incurred an additional $17,762 for shipping and installation. What will be the annual depreciation expense

Consider a firm that purchased an equipment for $133,195 and incurred an additional $17,762 for shipping and installation. What will be the annual depreciation expense if the equipment is expected to last 9 years and have a salvage value of $7,129 (using straight-line depreciation)? round your answer to two decimals

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