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QUESTION 12 Flagg acquired equipment on January 1 for $60,000. The equipment has a useful of 7 years and the estimated salvage value of the

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QUESTION 12 Flagg acquired equipment on January 1 for $60,000. The equipment has a useful of 7 years and the estimated salvage value of the equipment is $4,000. What is the amount of depreciation expense in the first year

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