Calculate depreciation expense for the first year

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Reference no: EM13261372

On June 1, 2014, Aaron Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years and 30,000 hours.

Using straight line depreciation, calculate depreciation expense for the first year.

Reference no: EM13261372

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