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Sandblasting equipment acquired at a cost of 86000 has an

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Sandblasting equipment acquired at a cost of $86,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31.

Determine the depreciation for the current fiscal year and for the following fiscal year by straight-line method.

Depreciation
Year 1 $
Year 2 $

Reference no: EM13605108

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