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Sarasota purchased a piece of equipment that cost $194,430 on January 1, 2020. The equipment has the following components. Estimated Useful Life Component Cost A Residual Value $6,350 5.140 3,900 $72,070 47,540 74,820 B 10 years 5 years 12 years C Compute the depreciation expense for this equipment at December 31, 2020. Depreciation expense ta