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Jones Company purchased equipment for $18,000 on January 1, 2020. The company expects to use the equipment for 3 years. It has no salvage value.

Jones Company purchased equipment for $18,000 on January 1, 2020. The company expects to use the equipment for 3 years. It has no salvage value. Monthly depreciation expense on the asset is: $500. $250. $6,000. $1,500

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