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Marsh Inc. originally purchased equipment on April 1, 2016 for $85,000. The salvage value is 3% of the purchase price. The company uses straight-line depreciation

Marsh Inc. originally purchased equipment on April 1, 2016 for $85,000. The salvage value is 3% of the purchase price. The company uses straight-line depreciation and the number of useful lifes is 4. Calculate the depreciation expense for years: 2016, 2017, 2018, 2019, and 2020image text in transcribed

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