Compute straight-line depreciation with no salvage value

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Reference no: EM131960668

Assume that MHS purchased equipment for $1,250,000 cash on Oct. 1 (first day of its fiscal year). This equipment has an expected life of 9 years. The salvage value is 18% of cost. No equipment was traded in on this purchase. Compute the straight-line depreciation for this purchase. Compute the straight-line depreciation with no salvage value.

Reference no: EM131960668

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