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On January 1, 2021, equipment with a useful life of 12 years and a residual value of $2,400 is purchased for $36,000. What is the

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On January 1, 2021, 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. $2,800 C. $3,000 D. $6,000

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