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Sears Corporation bought equipment on December 1, 2018. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment

Sears Corporation bought equipment on December 1, 2018. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 5 years. The depreciable cost of the equipment is:

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