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Question
a company purchased factory equipment on june 1, 2012, for $80,000. it is estimated that the equipment will have a $5,000 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.$7,500
b.$4,375
c.$3,750
d.$3,125
Answer
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