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Karthi Inc. uses sum-of-the-years-digits method for the depreciation of its equipment. The equipment was purchased at $25,000. The estimated useful life is 3 years and
Karthi Inc. uses sum-of-the-years-digits method for the depreciation of its equipment. The equipment was purchased at $25,000. The estimated useful life is 3 years and the salvage value is $1,000. How much should Karthi recognize for the 2nd year's depreciation expense for this equipment?
$7,500
$9,000
$12,000
$8,000
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