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Calculate depreciation expense for the second year

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On June 1, Michael 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 or 30,000 hours.

Problem 1: Using straight-line depreciation, calculate depreciation expense for the second year.

a.$30,000

b.$17,500

c.$40,000

d.$12,500

Reference no: EM132650579

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