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On June 30, Year 1, Melon Corp. purchased a printer for $50,000. It expects the printer to last for four years and have a residual

On June 30, Year 1, Melon Corp. purchased a printer for $50,000. It expects the printer to last for four years and have a residual value of $8000. Compute the depreciation expense on the printer for the year ended December 31, Year 1, using the straight-line method.

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