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Business, 18.04.2020 02:04 lalaween098
On September 1, 2018, Speaker Company purchased equipment for $66,000, and installation costs totaled $5,000. The equipment has an estimated useful life of 8 years and an estimated salvage value of $3,000. If the company uses the straight line method, the depreciation expense for 2018 would be:
a. $2,625
b. $8,500
c. $2,833.33
d. $4,250
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