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Kansas Co. purchased equipment that cost $54,000 on July 1, 2022. The equipment has a 10 year life and expected salvage value of $4,000. Depreciation

Kansas Co. purchased equipment that cost $54,000 on July 1, 2022. The equipment has a 10 year life and expected salvage value of $4,000. Depreciation expense for the first year is: $5,400 $2,700 $2,500 $5,000

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