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Miller Corporation bought equipment on January 1st, 2022.The equipment cost $100,000 and had an expected salvage value of $30,000. The life of the equipment was

Miller Corporation bought equipment on January 1st, 2022.The equipment cost $100,000 and had an expected salvage value of $30,000. The life of the equipment was estimated to be 5 years. The depreciable cost of the equipment is $30,000. O $120,000. $70,000. O $14,000

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