Microsoft Corporation purchased server equipment for $2,500,000 on April 1st, 2024. The equipment is projected...
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Accounting
- Microsoft Corporation purchased server equipment for $2,500,000 on April 1st, 2024. The equipment is projected to last for 6 years without any salvage value. Microsoft Corporation employs the straight-line depreciation method. Compute the depreciation expense for the accounting year ending December 31st, 2024, applying the matching principle.
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