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Equipment was purchased for $165000. Freight charges amounted to $6600 and there was a cost of $20600 for building a foundation and installing the equipment.

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Equipment was purchased for $165000. Freight charges amounted to $6600 and there was a cost of $20600 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30600 salvage value at the end of its 5 -year usefullife. Depreciation expense each year using the straight-line method will be $32320. $27560. $38440. $26880

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