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Question 4 (5 marks) Highway Construction Inc. (HCI) bought a large piece of construction equipment on March 22, 2020 The construction equipment was a large

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Question 4 (5 marks) Highway Construction Inc. (HCI) bought a large piece of construction equipment on March 22, 2020 The construction equipment was a large piece of heavy equipment with an original cost of $570,000 This equipment was broken into three components. The shell of the equipment is $400,000 and anticipated to last 10 years. The motor is $150,000 and needs to have a major overhaul and inspection every three years. The tires are $20,000 in total and need to be replaced every two years. All of the components are expected to have no salvage value at the end of their useful lives. HCl uses straight-line depreciation for all construction equipment, and the half-year convention for its depreciation calculations Required: Record the depreciation expense for the year ending June 30, 2020. Show your calculations General Journal Date Account Titles and Explanation Debit Credit

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