Togo's Sandwiches acquired equipment on April 1, 2018, for $18,000. The company estimates a residual...
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Togo's Sandwiches acquired equipment on April 1, 2018, for $18,000. The company estimates a residual value of $2,000 and a five year service life.
Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end.
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