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Find how much depreciation expense does the firm show

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Problem 1: A firm owns a piece of equipment that it originally purchased for $250,000. The residual value is $25,000, the firm uses straight line depreciation, and the useful life is 20 years. How much depreciation expense does the firm show on its income statement for year 12?

A. $11,250

B. $12,500

C. $18,750

D. $1,250

E. $0

Reference no: EM132679957

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