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Double Nickels Company purchased equipment for $15,000 on January 1, 2015. The company expects to use the equipment for 3 years. It has a $6,000

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Double Nickels Company purchased equipment for $15,000 on January 1, 2015. The company expects to use the equipment for 3 years. It has a $6,000 salvage value. Monthly straight-line depreciation expense on the asset is a) $9,000. b) $0. c) $3,000. d) $250

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