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On January 1, the records of Tasty Treats Corporation (TTC) showed the following regarding production equipment: Equipment (estimated residual value, $8,000) Accumulated Depreciation (straight-line, one

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On January 1, the records of Tasty Treats Corporation (TTC) showed the following regarding production equipment: Equipment (estimated residual value, $8,000) Accumulated Depreciation (straight-line, one year) $68,000 6,000 Required: Based on the data given, compute the estimated useful life of the equipment. Estimated Useful Life years

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