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Calculate the annual depreciation for year 3

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The price of a large piece of construction equipment purchased by Hass Construction Company was $53,500. It cost $1,275 for delivery and $2,750 for installation. The salvage value at the end of a 4-year life is $7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3.

Reference no: EM132316070

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