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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 = 149000

Useful life in years = 5

Residual value = 17000

Date purchased = November 1

Required -

1. What is the depreciation expense per year?

2. What is the depreciation expense per month?

3. What is the depreciation expense in the year of purchase?

Reference no: EM133134879

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