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Scenario 11: Depreciation Calculation - McDonald's Corporation McDonald's Corporation purchased a new kitchen equipment for $80,000 on January 1, 2022. The equipment has an estimated

Scenario 11: Depreciation Calculation - McDonald's Corporation

McDonald's Corporation purchased a new kitchen equipment for $80,000 on January 1, 2022. The equipment has an estimated useful life of 8 years and a salvage value of $10,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, 2024, and 2025 for McDonald's Corporation.

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