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On October 1, Organic Farming purchases wind turbines for $140,000. the turbines are expected to...

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Accounting

On October 1, Organic Farming purchases wind turbines for $140,000. the turbines are expected to last six years, have a salvage value of $20,000, and be depreciated using the straight-line method.

1. Compute depreciation expense for the last three months of the first year.

2. Compute depreciation expense for the second year.

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