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Question 2 (2 points) XYZ Inc. has purchased a piece of equipment for $38,000. The equipment will be depreciated straight-line over 8 years to a

Question 2 (2 points)

XYZ Inc. has purchased a piece of equipment for $38,000. The equipment will be depreciated straight-line over 8 years to a salvage value of $4,000. Compute the annual depreciation expense

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