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What the total depreciation for the oven and patent

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Problem - Sweety Pie Inc purchased two new assets on February 1, 2021: an oven at a cost of $230,000 and a trademark for $10,000. The oven has an expected useful life of 10 years and the patent 5 years. The company has a December 31 year end and uses the straight-line method for depreciation. What the total depreciation for the oven and patent in 2021?

Reference no: EM132899493

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