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Mama's Fried Chicken bought equipment on January 2, 2018, for $18,000. The equipment was expected to remain in service for four years. At the end

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Mama's Fried Chicken bought equipment on January 2, 2018, for $18,000. The equipment was expected to remain in service for four years. At the end of the equipment's useful life, Mama's estimates that its residual value will be $3,000 Required Prepare an amortization schedule using the straight-line method. Straight-Line Amortization Schedule Asset Amortization for the Year Amortizable Useful Amortization Accumulated Cost Life Expense Amortization Date Cost Book Value 1-2-2018 12-31-2018 12-31-2019 12-31-2020 12-31-2021

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