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On May 1, 2019 equipment worth $40,000 was purchased with cash. Assuming straight-line method of depreciation with $4,000 salvage value and 8 year useful life,
- On May 1, 2019 equipment worth $40,000 was purchased with cash.
- Assuming straight-line method of depreciation with $4,000 salvage value and 8 year useful life, what is the amount of depreciation expense to be recognized at December 31, 2019 for the equipment?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
