Equipment was purchased for 17,000. Freight charges amounted to 700 and there was a cost...
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Accounting
Equipment was purchased for 17,000. Freight charges amounted to 700 and there was a cost of 2000 to install the equipment. It is estimated that the equipment will have a 4,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight line method will be
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