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The following information is for X Company for the year: Equipment, January 1 $14,600 Equipment, December 31 14,947 Cost of equipment sold 7,707 Purchase of

The following information is for X Company for the year:

Equipment, January 1 $14,600
Equipment, December 31 14,947
Cost of equipment sold 7,707
Purchase of equipment 9,067

What was depreciation expense for the year?

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