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Question 6 1 pts Kingdom Palace purchased new equipment on 7/1/20 for $45,000 that has a useful life of 5 years and a salvage value

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Question 6 1 pts Kingdom Palace purchased new equipment on 7/1/20 for $45,000 that has a useful life of 5 years and a salvage value of $5,000. What was depreciation expense for 2020? O $12,000 O $8,000 0 $4,000 0 $16,000

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