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Depreciation Calculation - Ford Motor Company Ford Motor Company acquired new factory equipment for $120,000 on January 1, 2020. The equipment has an estimated useful

Depreciation Calculation - Ford Motor Company
Ford Motor Company acquired new factory equipment for $120,000 on January 1, 2020. The equipment has an estimated useful life of 8 years and no salvage value. They use the straight-line method for depreciation.
Calculate the annual depreciation expense for the years 2020, 2021, and 2022 for Ford Motor Company.

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