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On January 1, 2016, Candy canes purchased a new piece of equipment for $114,000. The equipment is expected to last 5 years and will have

On January 1, 2016, Candy canes purchased a new piece of equipment for $114,000. The equipment is expected to last 5 years and will have no residual value. Candy Canes has a December 31 year end. Calculate the depreciation expense the net book value and the accumulated depreciation of the equipment at December 31 2016

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