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Cramer Company purchased equipment on May 1, 2023 for $500,000. The residual value is $50,000 and the estimated useful life is 10 years. What is

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Cramer Company purchased equipment on May 1, 2023 for $500,000. The residual value is $50,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2023, if the company uses the straight - line method? (Round your final answer to the nearest dollar.) A. 550,000 B. $30,000 C. $33,333 D. $45,000

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