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On July 1, 2014, Mendes Corporation, a calendar year corporation, purchased factory equipment for $225,000. Salvage value was estimated to be $25,000. The equipment will

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On July 1, 2014, Mendes Corporation, a calendar year corporation, purchased factory equipment for $225,000. Salvage value was estimated to be $25,000. The equipment will be depreciated over seven years using the sum-of-the-years-digits method. Depreciation expense for this equipment for calendar year 2016 would be

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