Alphabet Inc. (Google) invested $5,000,000 in new research and development equipment on August 1st, 2023....
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Accounting
Alphabet Inc. (Google) invested $5,000,000 in new research and development equipment on August 1st, 2023. The equipment is expected to last for 9 years without any salvage value. Alphabet Inc. uses the straight-line depreciation method. Calculate the depreciation expense for the fiscal year ending December 31st, 2023.
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