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El Tapitio purchased restaurant furniture on September 1, 2018, for $43,000. Residual value at the...

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Accounting

El Tapitio purchased restaurant furniture on September 1, 2018, for $43,000. Residual value at the end of an estimated 10-year service life is expected to be $5,800.

Calculate depreciation expense for 2018 and 2019, using the straight-line method, and assuming a December 31 year-end.

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