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Leland's Sandwiches acquired equipment on April 1,2024, for $13,000. The company estimates a residual value of $1,000 and a fiveyear service life. Required: Calculate depreciation

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Leland's Sandwiches acquired equipment on April 1,2024, for $13,000. The company estimates a residual value of $1,000 and a fiveyear 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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