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Thomas Inc. purchased equipment on April 1, 2018 with a cost of $164,000 has an estimated salvage value of $20,000 and an estimated life of

Thomas Inc. purchased equipment on April 1, 2018 with a cost of $164,000 has an estimated salvage value of $20,000 and an estimated life of 12 years. It is to be depreciated by the straight-line method. What is the amount of depreciation to be recorded in 2018 (the year it is placed in service)?

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