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How much depreciation expense will be recorded for furniture

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Problem 1: A company purchased new furniture at a cost of 32,000 on September 30th. The furniture is estimated to have a useful life of 5 years and a salvage value of $3,800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31st?

Reference no: EM132958088

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