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points) Okposo Company purchased equipment on June 1, 2023 for $88,000 and estimated salvage value to be $16,000 at the end of the equipment's 5-year

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points) Okposo Company purchased equipment on June 1, 2023 for $88,000 and estimated salvage value to be $16,000 at the end of the equipment's 5-year useful life. Okposo depreciated the equipment using the straight-line method. Use the following format and prepare the Depreciation Schedule. 18s Year Depreciable Base Rate Partial Year Depreciation Accumulated Expense Depreciation Book Value 2023 2024 2025 2026 2027 2028

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