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Purchase equipment for 85000 on January 1st. The equipment is expected to have a 10 year service life. With a residual value of 6750 at

Purchase equipment for 85000 on January 1st. The equipment is expected to have a 10 year service life. With a residual value of 6750 at the end of 10 years. Using strait line method, depreciation expense for 2021 would be what

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