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Sheridan Corporation bought equipment on January 1, 2021. The equipment cost $354000 and had an expected salvage value of $60600. The life of the equipment

image text in transcribed Sheridan Corporation bought equipment on January 1, 2021. The equipment cost $354000 and had an expected salvage value of $60600. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is $69100. $71100. $48900. None of these answer choices are correct

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