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On January 1, Able Company purchased equipment costing $144, 600 with an estimated salvage value of $12, 100, and an estimated useful life of 5
On January 1, Able Company purchased equipment costing $144, 600 with an estimated salvage value of $12, 100, and an estimated useful life of 5 years. Using the straight-line method, what the amount that should be recorded as depreciation on December 31? $12, 100 $144, 600 $26, 500 $31, 340 $28, 920
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