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Cutter Company purchased equipment for $100,000 on January 1, 2015. The equipment is expect to have a five year life and a residual value of

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Cutter Company purchased equipment for $100,000 on January 1, 2015. The equipment is expect to have a five year life and a residual value of $20,000. Compute the depreciation for each of the five years beginning in 2015 using the straight line method

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