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Compute the amount of depreciation for years 1 through 3

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Question

Metlock Company purchases equipment on January 1, Year 1, at a cost of $581,560. The asset is expected to have a service life of 12 years and a salvage value of $49,600.

Compute the amount of depreciation for Years 1 through 3 using the straight-line depreciation method. (Round answers to 0 decimal places, e.g. 5,125.)

Reference no: EM132381855

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