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QUESTION 6 On January 2, 2020, Kellogg Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years. The estimated residual value

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QUESTION 6 On January 2, 2020, Kellogg Corporation acquired equipment for $300,000. The estimated life of the equipment is 5 years. The estimated residual value is $20,000. If Kellogg uses the straight line method of depreciation, what will be the debit to depreciation expense for the year ended December 31, 20207 548.000 $56,000 $63.000 $67,500 ESTION 7

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