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Depreciation Calculation - McDonald's Corporation McDonald's Corporation purchased new kitchen equipment for $75,000 on January 1, 2022. The equipment has an estimated useful life of

Depreciation Calculation - McDonald's Corporation

McDonald's Corporation purchased new kitchen equipment for $75,000 on January 1, 2022. The equipment has an estimated useful life of 6 years and a salvage value of $5,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for McDonald's Corporation.

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