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Coronado Corporation bought equipment on January 1, 2018. The equipment cost $399000 and had an expected salvage value of $60300. The life of the equipment

Coronado Corporation bought equipment on January 1, 2018. The equipment cost $399000 and had an expected salvage value of $60300. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is

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