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PURCHASE PRICE OF EQUIPMENT $250,000 USEFUL LIFE 5 years RESIDUAL VALUE $2,000 Which of the following is the straight line depreciation of the asset, based

PURCHASE PRICE OF EQUIPMENT $250,000 USEFUL LIFE 5 years RESIDUAL VALUE $2,000 Which of the following is the straight line depreciation of the asset, based on the information above?

A. $50,000

B. $50,400

C. $25,000

D. $49,600

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