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Calculate depreciation expense using straight-line method

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Reference no: EM132520571

Question - El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of an estimated 10-year service life is expected to be $6,000.

Calculate depreciation expense for 2021 and 2022, using the straight-line method, and assuming a December 31 year-end.

Reference no: EM132520571

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