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Question 19 3 pts Equipment with a cost of $360,000 and estimated residual value of $60,000 is expected to have a useful life of 30,000

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Question 19 3 pts Equipment with a cost of $360,000 and estimated residual value of $60,000 is expected to have a useful life of 30,000 hours. During August, the equipment was operated 900 hours. What amount should be recorded as depreciation expense for the month? $7,000 $7,700 $9,900 $9,000

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