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On January 1, 2019, equipment with a useful life of 12 years and a residual value of $2,400 is purchased for $36,000. What is the

On January 1, 2019, equipment with a useful life of 12 years and a residual value of $2,400 is purchased for $36,000. What is the depreciation expense in year 1 under straight-line depreciation?

A. $33,600
B. $6,000
C. $2,800
D. $3,000

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