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Moon Products purchased a computer for $12,000 on March 1, 2016. The company intends to depreciate it over 4 years using the straight-line method. Residual
Moon Products purchased a computer for $12,000 on March 1, 2016. The company intends to depreciate it over 4 years using the straight-line method. Residual value is $3000. If the company uses the half-year convention for recognizing depreciation for assets that are purchased during the year, what is depreciation for 2016?
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