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Question
equipment was purchased for $60,000. freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. it is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. depreciation expense each year using the straight-line method will be
a.$14,160
b.$11,760
c.$9,840
d.$9,600
Answer
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