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Ford Motor Company recently acquired new manufacturing equipment for $1,000,000. The equipment is expected to have a useful life of 10 years and a salvage
Ford Motor Company recently acquired new manufacturing equipment for $1,000,000. The equipment is expected to have a useful life of 10 years and a salvage value of $100,000. Compute the depreciation expense for each year using the straight-line method, and discuss the impact of depreciation on Ford's financial statements.
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