answer for thumbs up A company purchased an equipment system...
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A company purchased an equipment system for $200,000 on January 2. The company expects the equipment to last for five years or 60,000 hours of operation, with $20,000 salvage value. During the first year, the equipment was in operation for 8,000 hours. Using the units-of-production method calculate the equipment's annual depreciation for year 1
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