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On January 1, Baker Co. purchased equipment for $100,000. It has as estimate useful its of the years and its residual value is $10,000. The

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On January 1, Baker Co. purchased equipment for $100,000. It has as estimate useful its of the years and its residual value is $10,000. The company has a calendar year end using the straight line method, depreciation expense for the first year of its life equal: $18,000. $20,000. $36,000. $40,000

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