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The Cane Sugar Company purchased equipment on January 1, 2021 for $150,000. The asset has a $19,000 residual value and a 5 year life. Complete

The Cane Sugar Company purchased equipment on January 1, 2021 for $150,000. The asset has a $19,000 residual value and a 5 year life. Complete the following schedule using Straight-Line Depreciation. Year Depreciation Expense 2021 2022 2023 2024 2025 Accumulated Depreciation End of Period Book Value

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