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Quasi Corp. purchased a forklift for $ 2 4 , 0 0 0 . The residual value of the machine is $ 8 , 0

Quasi Corp. purchased a forklift for $24,000. The residual value of the machine is $8,000 after its five-year life.Using the straight-line method, calculate depreciation expense. A. $2,300 per year B. $8,000 per year C. $16,000 per yearD. $3,200 per year

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