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Scenario 21: Depreciation Calculation - IBM Corporation IBM Corporation purchased new office equipment for $120,000 on January 1, 2020. The equipment has an estimated useful

Scenario 21: Depreciation Calculation - IBM Corporation

IBM Corporation purchased new office equipment for $120,000 on January 1, 2020. The equipment has an estimated useful life of 5 years and a salvage value of $10,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2020, 2021, 2022, and 2023 for IBM Corporation.

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