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QUESTIONS Lotus Corp. purchased equipment for $811,000 on December 1. It is estimated that annual depreciation on the equipment will be $24,000. Calculate the monthly

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QUESTIONS Lotus Corp. purchased equipment for $811,000 on December 1. It is estimated that annual depreciation on the equipment will be $24,000. Calculate the monthly depreciation. (Please note that answers should be rounded to the nearest dollar amount, i,e. $1,666.67 should be entered as 1.667 )

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