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Find company should report annual depreciation for equipment

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Reference no: EM132881080

Problem 1: Avalon Industries buys equipment for $122,000, expects to use it for ten years, and then sell it for $12,200. Using the straight-line method, the company should report annual depreciation for the equipment of:

Option 1: $12,200.
Option 2: $25,010.
Option 3: $10,980.
Option 4: $21,960.

Reference no: EM132881080

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