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What is the depreciation expense

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Question - On July 31, 2016 the company purchased new warehouse equipment in the amount of $50,000. No depreciation has been recorded yet in 2016 for this new asset. It is estimated to have a useful life of 8 years and a salvage value of $5,000. What is the depreciation expense for 2016 using the straight-line method?

Reference no: EM133092682

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