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Emir Company purchased equipment that cost $110,000 cash on January 1, 2015. The equipment had an expected useful life of six years and an estimated

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Emir Company purchased equipment that cost $110,000 cash on January 1, 2015. The equipment had an expected useful life of six years and an estimated salvage value of $8,000. Assuming that Emir depreciates its assets under the straight-line method, the amount of depreciation expense appearing on the 2018 income statement and the amount of accumulated depreciation appearing on the December 31, 2018 balance sheet would be: Depreciation Expense Al $ 17,000 B17,000 $68,000 17,000 Accumulated Depreciation 17,000 68,000 $ 17,000 $51,000 B. C. D. $ O option D O option A O option B O option C

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