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New Concept Company, a furniture wholesaler, acquired new equipment at a cost of $380,000 on January 1, 2017. The equipment has an estimated life of

New Concept Company, a furniture wholesaler, acquired new equipment at a cost of $380,000 on January 1, 2017. The equipment has an estimated life of 4 years and an estimate salvage value of $36,000.

Compute the depreciation for the equipment of use by the following method: Straight-line

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