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On April 1, 2012, Cyclone's Backhoe Co. Purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value

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On April 1, 2012, Cyclone's Backhoe Co. Purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense for both 2012 and 2013 assuming the company uses the straight-line method

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