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Calculate depreciation expense for the final year of service

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Problem 1: On June 1, Aaron Company purchased equipment at a cost of $140,000 that has a depreciable cost of $90,000 and an estimated useful life of five years and 30,000 hours, which ends on December 31. Using straight-line depreciation, calculate depreciation expense for the final (partial) year of service.

Reference no: EM132749983

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