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Question 28 (1 point) New equipment was purchased on January 1 for $142,000. It has a salvage value of $28,000 and a useful life of

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Question 28 (1 point) New equipment was purchased on January 1 for $142,000. It has a salvage value of $28,000 and a useful life of 8 years. To the nearest dollar, how much will the depreciation expense for the equipment be for the first year using the straight-line method? $14,250 $1,479 $1,188 $17,750

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