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Question 1 ( 6 points ) Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar

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 =400000
Useful life in years =8
Residual value =1600
Date purchased = March 31
What is the depreciation expense per year?
A
What is the depreciation expense per month?
A
What is the depreciation expense in the year of purchase?
A
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