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Compute the depreciation expense

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Reference no: EM132736457

Question: On January 2, Alexander purchased equipment costing $78,000. The equipment has an estimated salvage value of $11,120 and an estimated useful life of 5 years.

Required: Compute the depreciation expense for each of the first two years using the straight-line method.

Year 1 Depreciation Expense:$

Year 2 Depreciation Expense:$

Reference no: EM132736457

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