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On September 1, 2024, Sarasota Aerodynamics purchased a piece of equipment which cost $70,000, has a $5,800 residual value, and an 8-year useful life. The

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On September 1, 2024, Sarasota Aerodynamics purchased a piece of equipment which cost $70,000, has a $5,800 residual value, and an 8-year useful life. The company has a fiscal year end of August 31. (a) Calculate the depreciation expense for the year ended August 31, 2025 under Straight-line

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