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MacGyver Company bought equipment on January 3, 2019, for $52,000. At the time of purchase, the equipment was estimated to have a useful life of five years and a salvage value of $4,000. Using the straight-line method, the amount of one year's depreciation is:
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MacGyver Company bought equipment on January 3, 2019, for $52,000. At the time of purchase, the equi...
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