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How much depreciation expense will Muschamp recognize

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Problem - Muschamp Co. bought a piece of equipment that will be used by its sales force. Muschamp paid $62,000 on January 1, 2019. The equipment will be used by Muschamp's sales staff for 5 years, at which time it should have a salvage value of $8,000. How much depreciation expense will Muschamp recognize in 2020? Muschamp uses the straight-line method of depreciation and has a December 31 fiscal year end.

Reference no: EM132676919

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