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Equipment with a cost of $120,000, an estimated residual value of $20,000, and an estimated life of 15 years is depreciated by the straight-line method.

Equipment with a cost of $120,000, an estimated residual value of $20,000, and an estimated life of 15 years is depreciated by the straight-line method. The depreciation expense for year 2 is (round to closest dollar) Your

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