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Equipment with a cost of $420,000 has an estimated salvage value of $40,000 and an estimated life of 5 years. It is to be

Equipment with a cost of $420,000 has an estimated salvage value of $40,000 and an estimated life of 5 years. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year? O a. $68,750 O b. $112,500 O c. $108,000 O d. $113,400

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