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Depreciation Calculation - IBM Corporation IBM Corporation purchased new computer servers for $120,000 on January 1, 2022. The servers have an estimated useful life of

Depreciation Calculation - IBM Corporation

IBM Corporation purchased new computer servers for $120,000 on January 1, 2022. The servers have an estimated useful life of 5 years and a salvage value of $10,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for IBM Corporation.

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