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Compute depreciation expense using straight-line method

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Question - Equipment was purchased for $310000. Freight charges amounted to $13900 and there was a cost of $40400 for building a foundation and installing the equipment. It is estimated that the equipment will have a $59900 salvage value at the end of its 5-year useful life. Compute Depreciation expense each year using the straight-line method?

a. $72860.

b. $60880.

c. $51140.

d. $50020.

Reference no: EM132756296

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