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Leelenau's Sandwiches acquired equipment on April 1, 2024, for $23,000. The company estimates a residual value of $3.000 and five-year service life. Required: Calculate depreciation

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Leelenau's Sandwiches acquired equipment on April 1, 2024, for $23,000. The company estimates a residual value of $3.000 and five-year service life. Required: Calculate depreciation expense using the straight-line method for 2024 and 2025 , assuming a December 31 year-end

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