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Togo's Sandwiches acquired equipment on April 1, 2018, for $18,000. The company estimates a residual value of $2,000 and a five year service life. Calculate

Togo's Sandwiches acquired equipment on April 1, 2018, for $18,000. The company estimates a residual value of $2,000 and a five year service life.

Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end.

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