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What is 20x2 depreciation expense for the printer

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DepCo uses the straight-line method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month.

On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and to have a residual value of $2,000. What is 20X2 depreciation expense for the printer?

Reference no: EM132315549

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