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MacGyver Company bought equipment on January 3, 20X1, for $52,000. At the time of purchase, the equipment estimated to have a useful life of five
MacGyver Company bought equipment on January 3, 20X1, for $52,000. At the time of purchase, the equipment estimated to have a useful life of five years and a salvage value of $4,000. Using the straight-line method, the amount of one year's depreciation is: Multiple Choice $10,400. $4,000. $11,200. $9,600
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
