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MC Qu. 5-30 MacGyver Company bought equipm ent on January... MacGyver Company bought equipment on January 3, 2019, for $35,700. At the time of purchase,

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MC Qu. 5-30 MacGyver Company bought equipm ent on January... MacGyver Company bought equipment on January 3, 2019, for $35,700. At the time of purchase, the equipment was estimated to have a useful life of 4 years and a salvage value of $1140. Using the straight-line method, the amount of one year's depreciation is $1140 $5,950 ?$480 $8.640

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