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Equipment acquired at a cost of $89,000 has an estimated residual...

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Accounting

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Equipment acquired at a cost of $89,000 has an estimated residual value of $5,000 and an estimated useful life of 10 vears. It was placed in service on April 1 of the current fiscal year, which ends on December 31 . When required, round your answers to two decimal places. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method

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