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On August 1 , 2021, Hershey's Company purchased a new equipment for $50,000 that it estimated to have a useful life of 10 years, with

On August 1 , 2021, Hershey's Company purchased a new equipment for $50,000 that it estimated to have a useful life of 10 years, with a salvage value of $2,000 at the end of it's useful life. Calculate the value of Depreciation Expense for the year 2021 and 2022. You MUST show all workings clearly.

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