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On July 1 , 2 0 2 0 , yorkton Company purchased for 4 1 5 , 0 0 0 equipment having an estimated useful

On July

1, 2020,

yorkton Company purchased for

415, 000

equipment having an estimated useful life of

10

years with an estimated useful life of

10

years with an estimated residual value of $

25, 000 .

Depreciation is calculated to the nearest month. The company has a December

31

year end.

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