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On October 1, 2022, Indiana Bones Ltd. places a new asset into service. The cost of the asset is $24,000 with an estimated 5-year life
On October 1, 2022, Indiana Bones Ltd. places a new asset into service. The cost of the asset is $24,000 with an estimated 5-year life and $6,000 residual value. If Ming Wo uses straight-line depreciation, the depreciation expense for the year ended January 31, 2023 is $2,000. $1,200. $4,800. $ 600
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