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You are going to buy a new bull dozer for your weekend business. The cost...

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Accounting

You are going to buy a new bull dozer for your weekend business. The cost is $300,000. The dozer has a useable life of 7 years and will have a salvage value of $90,000.
Using straight line depreciation, what is the depreciation in year four? (Not the total depreciation).
Group of answer choices
$12,857
$120,000
$42,857
$30,000

Answer & Explanation Solved by verified expert
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