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Question 19 (0.25 points) Equipment was purchased for $20,000. It is estimated that the equipment will have a $3,000 residual value at the end of

Question 19 (0.25 points) Equipment was purchased for $20,000. It is estimated that the equipment will have a $3,000 residual value at the end of its 5-year useful life. Using the straight-line method, annual depreciation expense will be

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