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On june 1, aaron company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years and 30,000 hours, which ends on december 31. using straight-line depreciation, calculate depreciation expense for the final (partial) year of service. a. $17,500b. $12,500c. $30,000d. $40,000
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