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Calculate depreciation expenses

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Question - On April 1, 2001, company X purchased an equipment at the cost of 140000 and this estimated 5 year useful life. At the end of 5th year the residual value will be 20000. Company X recognizes depreciation to the nearest whole month. Calculate depreciation expenses for 2001, 2002 &2003 using straight line method.

Reference no: EM132035919

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