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A company purchased factory equipment on April 1, 2017 for 240,000. It is estimated that...

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Accounting

A company purchased factory equipment on April 1, 2017 for 240,000. It is estimated that the equipment will have a 30,000 residual 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, 2017 is 24,000. 21,000. 15,750. 18,000.

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