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C'est Cheese purchased cheese-making equipment on April 1, 2017, for $64,000. It is estimated the...

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Accounting

C'est Cheese purchased cheese-making equipment on April 1, 2017, for $64,000. It is estimated the cheese-making equipment will have an $8,000 salvage value at the end of its 10-year useful life.

If C'est Cheese uses straight-line depreciation, its correct depreciation expense for the year ending December 31, 2017, would be $_____.

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