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Depreciation Calculation - General Electric Company General Electric Company purchased new manufacturing equipment for $90,000 on January 1, 2022. The equipment has an estimated useful

Depreciation Calculation - General Electric Company

General Electric Company purchased new manufacturing equipment for $90,000 on January 1, 2022. The equipment has an estimated useful life of 7 years and a salvage value of $6,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for General Electric Company.

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