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What is the depreciation expense in the year of purchase

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Question - Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31.

Cost of equipment = 150000

Useful life in years = 9

Residual value = 14460

Date purchased = May 1

What is the depreciation expense per year?

What is the depreciation expense per month?

What is the depreciation expense in the year of purchase?

Reference no: EM133130632

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