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Moped, Inc. purchased machinery at a cost of $ 2 2 , 0 0 0 on January 1 , 2 0 1 4 . The

Moped, Inc. purchased machinery at a cost of $22,000 on January 1,2014. The expected useful life is 5 years and the asset is expected to have salvage value of $2,000. Moped depreciates its assets using the straight-line method. What is the firms depreciation expense for the year ended December 31,2015?
Group of answer choices
$4,000
$4,400
$8,000
$8,800

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