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Compute the depreciation expense for the first two years

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On April 25, Wood purchased equipment costing $56,400. The equipment has an estimated salvage value of $3,300 and an estimated useful life of 9 years. Wood calculates depreciation to the nearest month.

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Problem 1: Compute the depreciation expense for the first two years using the sum-of-the-years'-digits method.

Reference no: EM132864797

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