Company should report annual depreciation for the equipment

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Reference no: EM131296095

A company buys equipment for $62,000, expects to use it for eight years, and then sell it for $6,200. Using the straight-line method, the company should report annual depreciation for the equipment of:

$6,975.

$13,950.

$15,888.

$7,750.

Reference no: EM131296095

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