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Waterway Corporation bought equipment on January 1 , 2 0 2 1 . The equipment cost $ 3 7 5 0 0 0 and had

Waterway Corporation bought equipment on January 1,2021. The equipment cost $375000 and had an expected salvage value of $59400. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is
$72400.
$74400.
$52600.
None of these answer choices are correct.
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