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Which of the following is not necessary in calculating the depreciation expense for the first year for a newly purchased factory forklift? a. Estimated useful

Which of the following is not necessary in calculating the depreciation expense for the first year for a newly purchased factory forklift?

a. Estimated useful life

b. Market value of the forklift during its useful life

c. Estimated salvage value

d. Depreciation rate

e. Total cost of the forklift at acquisition

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