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What the amount to be recorded as depreciation expense

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Problem 1: A company purchased factory equipment on April 1, 2014 for $48,000. It is estimated that the equipment will have a $6,000 salvage value at the end of its 10-year useful life. Using the straight line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2014 is what?

Reference no: EM132701682

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