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Macgyver Company bought equipment on January 3, 2019, for $35,000. At the time of Purchase, the equipment was estimated to have a useful life of

Macgyver Company bought equipment on January 3, 2019, for $35,000. At the time of Purchase, the equipment was estimated to have a useful life of 4 years and a salvage life of $1,260. Using the straight-line method, the amount of one year's depreciation is?

a. 1260 b. 470 c. 5850 d. 8,460

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