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The parks and recereation department, which is accounted for within the General Fund, purchased a new athletic field mower at a cost of $25,000. The
The parks and recereation department, which is accounted for within the General Fund, purchased a new athletic field mower at a cost of $25,000. The mower has an estimated useful life of 5 years. The General Fund would report depreciation expense at the end of year 2 in the amount of
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