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On January 1, 2022, Sheridan Company purchased equipment for $336000. The equipment is estimated to have a salvage value of $24000 and is being depreciated

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On January 1, 2022, Sheridan Company purchased equipment for $336000. The equipment is estimated to have a salvage value of $24000 and is being depreciated over five years using the sum-of-the-years-digits method. What is depreciation expense on the equipment for the year ended December 31,2025 ? $83200$89600$44800$41600

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