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Don's Landscaping Service purchased a backhoefor $12,000. It has a useful life of five years and a residual value of $1,750. Based on thisinformation, what

Don's Landscaping Service purchased a backhoefor $12,000. It has a useful life of five years and a residual value of $1,750.

Based on thisinformation, what is the straight-line depreciation for one year for this asset?

  1. $10,250
  2. $2,400
  3. $1,025
  4. $2,050

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