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please help! Cramer Company purchased equipment on May 1, 2017 for $500,000. The residual value is $50,000 and the estimated useful life is 10 years.

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Cramer Company purchased equipment on May 1, 2017 for $500,000. The residual value is $50,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2017, if the company uses the straight-line method? (Round your final answer to the nearest dollar.) $45,000. $50,000. $30,000. $33, 333

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