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Nicholson purchased a piece of equipment on may 1 2010, for $6000 the equipment has an estimated useful life of eight years and an estimated
Nicholson purchased a piece of equipment on may 1 2010, for $6000 the equipment has an estimated useful life of eight years and an estimated residual value of $6000. Nicholson uses a calendar fiscal year. The amount of depreciation to be recorded for 2010, using the straight line method of calculation depreciation, is a) 7500 b) 6750 c)5000 d)4500
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