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Previous Page Next Page Page 1 of 22 Question 1 (6 points) Use the information below to answer the questions that follow. Enter your answers

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Previous Page Next Page Page 1 of 22 Question 1 (6 points) Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year- end is December 31 Cost of equipment - 265000 Useful life in years = 4 Residual value - 13000 Date purchased - August 1 What is the depreciation expense per year? What is the depreciation expense per month? A What is the depreciation expense in the year of purchase? Page 1 of 22 Previous Parte Next Page

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