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On April 1, 2022, Lazer Base Inc. (a calendar year end corporation) purchased a $30,000 piece of equipment. The equipment has an estimated useful life
On April 1, 2022, Lazer Base Inc. (a calendar year end corporation) purchased a $30,000 piece of equipment. The equipment has an estimated useful life of 5 years and salvage value of $2,000. Lazer Base Inc. uses the straight-line method to compute depreciation. What amount of depreciation expense will Lazer Base Inc. record as an adjustment on December 31, 2022? $4,500 $5,600 $6,000 $4,200
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