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Lakeshore purchased equipment for $80,000 on September 1, 2018. There is no residual/salvage value for this equipment. The useful life is 4 years. Using the

Lakeshore purchased equipment for $80,000 on September 1, 2018. There is no residual/salvage value for this equipment. The useful life is 4 years. Using the straight-line method of depreciation, what is the depreciation expense for 2019? 

a). $26,667 

b). $20,000 

c). $10,000 

d). $6,667

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