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On January 1, 2014, Bonita Industries purchased equipment at a cost of $398000. The equipment was estimated to have a salvage value of $11000 and

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On January 1, 2014, Bonita Industries purchased equipment at a cost of $398000. The equipment was estimated to have a salvage value of $11000 and it is being depreciated over eight years under the sum-of-the-years-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021? O $10750 O $40375 O $11056 $49750

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