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Show your work as much as possible. Desktop and laptop computers and monitors are depreciated over a 5-yearlife. Assume your firm purchases a top-of-the-line Dell
Show your work as much as possible. Desktop and laptop computers and monitors are depreciated over a 5-yearlife. Assume your firm purchases a top-of-the-line Dell XPS 17 laptop for one of your engineers for the list price of $3200, and the salvage value is estimated to be $300 at the end of the 5 years. Using the formula for annual depreciation (assuming straight-line depreciation), what is the annual depreciation amount that could be claimed on your firms taxes?
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