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Question
a company purchased factory equipment on april 1, 2012, for $72,000. it is estimated that the equipment will have a $9,000 salvage value at the end of its 10-year useful life. using the straight-line method of depreciation, the amount to be recorded as depreciation expense at december 31, 2012, is
a.$7,200
b.$6,300
c.$4,725
d.$5,400
Answer
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