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Business, 08.04.2020 00:02 NFMZombie

Equipment was purchased for $60,000 on January 1, 2018. Related freight charges amounted to $2,800 and there was a cost of $8,000 for installing and testing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. How much is depreciation expense in 2018a.$9,600
b.$11,760
c.$14,160
d.$9,840

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