Equipment will be depreciated under the straight

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equipment reported in December 31,2013, balance sheet was purchased in January 2013. It is being depreciated over eight years under the straight-line method with no salvage value. The following amounts for new equipment purchases are planned in the coming quarter: January, 36,000; February, $96,000; and March 28,800. This equipment will be depreciated under the straight-line method over eight years with no salvage value. A full month's depreciation is taken for the month in which equipment is purchased.

Reference no: EM13918166

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