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Cramer Company purchased equipment on May 1, 2017 for $300,000. The residual value is $30,000 and the estimated useful life is 10 years. What is

Cramer Company purchased equipment on May 1, 2017 for $300,000.

The residual value is $30,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2017, if the company uses the straight-line method? (Round your final answer to the nearest dollar.)

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