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Use the following information to answer questions 8 thru 10. Equipment cost $30,000 with a residual value of $3,000, and a useful life of 8

Use the following information to answer questions 8 thru 10. Equipment cost $30,000 with a residual value of $3,000, and a useful life of 8 years or 50,000 units of production. What is the first years depreciation using the Straight-line method?

		$3750
		$3375
		$2500
		$2250

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