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Equipment was purchased for the cost of $89,650. The equipment was purchased on May 1. The company's fiscal year end is October 31. The equipment

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Equipment was purchased for the cost of $89,650. The equipment was purchased on May 1. The company's fiscal year end is October 31. The equipment is estimated to have a six-year life and a $5,430 residual value. The straight-line depreciation method is used for the asset 1. Depreciation expense for the current year (nearest dollar without comma, e.g. 15000): 2. Depreciation expense for the next year (nearest dollar without comma, e.g. 15000): 3. Equipment's carrying amount, next year ending balance sheet (nearest dollar without comma, e.g. 15000)

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