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4. Assume that Melissa's Magic Markers purchases a new piece of factory equipment for $150,000. The salvage value is $30,000 and the useful life is

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4. Assume that Melissa's Magic Markers purchases a new piece of factory equipment for $150,000. The salvage value is $30,000 and the useful life is 6 years. What is the annual depreciation expense under the straight-line method? $5,000 $20,000 $25,000 $30,000

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