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Landmark Co. purchased equipment for $53,000 that has a residual value of $3,000 and a five year useful life. Determine the annual depreciation expense using

Landmark Co. purchased equipment for $53,000 that has a residual value of $3,000 and a five year useful life. Determine the annual depreciation expense using straight-line depreciation. O $10,000 O $53,000 O $50,000 O $10,600

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