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The Techno Company had the following expenditures during 2021: 1. On January 1, purchased a computer for $80,000. The computer has a 4 year life
The Techno Company had the following expenditures during 2021: 1. On January 1, purchased a computer for $80,000. The computer has a 4 year life and no salvage value. Techno uses straight-line depreciation. 2. Along with the purchase of the computer, the company paid $129,000 for a three year service contract for the computer. Instructions: Based upon the above information, compute the amount of the expenses related to the computer that will appear on Techno's income statement for 2021
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