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Business, 04.05.2021 03:50 ivanf30

First, we will start with annual depreciation. We will always use straight-line depreciation in this course Consider a firm that purchased an equipment for $165,891 and incurred an additional $42,172 for shipping and installation. What will be the annual depreciation expense if the equipment is expected to last 13 years and have a salvage value of $4,018 (using straight-line depreciation)

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