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Question 29 2 pts Wizard Corp. has the following information for a newly purchased fixed asset: Cost: $12,500 Salvage Value: $1,500 Useful Life: 10

Question 29 2 pts Wizard Corp. has the following information for a newly purchased fixed asset: Cost: $12,500 Salvage Value: $1,500 Useful Life: 10 years If the company uses straight-line depreciation, what is the amount of annual depreciation for the fixed asset?

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