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On April of the current year, Shasta Exploring purchases a piece of equipment for $50,000 and the equipment has an expected useful of five yearsIts

On April of the current year, Shasta Exploring purchases a piece of equipment for $50,000 and the equipment has an expected useful of five yearsIts residual value is estimated to be \$6,000 . Assuming Shasta uses the Straight-Line Method, what is the depreciation expense for the equipment for the first year?

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