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helpplease Layton Company purchased tool shapening equipment on October 1 for ( $ 66,150 ). The equipment was expected to have a useful life of

helpplease Layton Company purchased tool shapening equipment on October 1 for \\( \\$ 66,150 \\). The equipment was expected to have a useful life of 3 years or 7,560 operating hours, and a residual value of \\( 2 answers

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