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Business, 15.04.2020 03:28 michaelFTP

On June 1, Scotter 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 or 30,000 hours.
Using straight-line depreciation, calculate depreciation expense for the first year, which ends on December 31.
$17,500
$12,500
$40,000
$30,000

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