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Office furniture was purchased for $ 2 2 , 0 0 0 and its useful life is estimated to be 7 years. The residual value

Office furniture was purchased for $22,000 and its useful life is estimated to be 7 years. The residual value of the furniture is $1,000. What is the annual depreciation amount?
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$21,000
$2,000
$3,000
$2,100

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