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Calculate amount to be recorded as depreciation expense

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Reference no: EM132533596

Question 1: A company purchased factory equipment on June 1, 2019, for $135,000. It is estimated that the equipment will have a $7,500 salvage value at the end of its nine-year useful life. Using the straight-line method of depreciation, please calculate the amount to be recorded as depreciation expense at December 31, 2019.

Reference no: EM132533596

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