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The purchase price of a piece of manufacturing equipment was $150,000. An additional $15,000 was...

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Accounting

The purchase price of a piece of manufacturing equipment was $150,000. An additional $15,000 was spent in freight and setup of the equipment. Anticipated salvage value is $10,000, and the machinery has a 7 year useful life. Assuming full year of depreciation and use of the straight line method, what is the monthly depreciation amount

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