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Question 11 Cody Enterprises purchased equipment for $64,000, $800 shipping, and $5000 foundation/installation. The equipment is estimated to have a residual value of $6,000 at

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Question 11 Cody Enterprises purchased equipment for $64,000, $800 shipping, and $5000 foundation/installation. The equipment is estimated to have a residual value of $6,000 at the end of its 5-year useful life. Using the straight-ine method, what is the amount of depreciation expense each year? s5000 f Using the straight astaed t a O $13,960 O $12,760 $11,960 O $13,800

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