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QUESTION 12 Davis Co. purchased equipment on January 2, 20X4 for $100,000. The equipment's estimated life is 3 years and it has an estimated salvage

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QUESTION 12 Davis Co. purchased equipment on January 2, 20X4 for $100,000. The equipment's estimated life is 3 years and it has an estimated salvage value of $4,000. The company uses straight-line depreciation. What was the depreciation expense for the year ended December 31, 20X5? a. $33,333 b. $36,000. c. $32,000. d. $64,000

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