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I HAVE ANSWER BELOW I JUST NEED EXPLANATION ON HOW TO GET IT PLEASE The Charles Corporation purchased equipment on October 1,2018 for $7,280 and

I HAVE ANSWER BELOW I JUST NEED EXPLANATION ON HOW TO GET IT PLEASE

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The Charles Corporation purchased equipment on October 1,2018 for $7,280 and expects to use it for 4 years at which time it can be sold for an estimated $2,000. How much depreciation expense would be reported in the company's 2018 year-end financial statements? Enter as a positive number. 330 (with margin: 0)

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