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Hampton Auto purchased a piece of equipment on January 1, 2019 for $100,000. The equipment will be depreciated using straight line depreciation for five years

Hampton Auto purchased a piece of equipment on January 1, 2019 for $100,000. The equipment will be depreciated using straight line depreciation for five years and is expected to have no salvage value. What is the impact on the balance sheet for the recognition of the first years depreciation?

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