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Togo's Sandwiches acquired equipment on April 1, 2024 , for $18,000. The company estimates a residual value of $2,000 and a fiv year service life.

image text in transcribed Togo's Sandwiches acquired equipment on April 1, 2024 , for $18,000. The company estimates a residual value of $2,000 and a fiv year service life. Required: Calculate depreciation expense using the straight-line method for 2024 and 2025 , assuming a December 31 year-end

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