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Equipment was purchased for $145500. Freight charges amounted to $6500 and there was a cost...

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Accounting

Equipment was purchased for $145500. Freight charges amounted to $6500 and there was a cost of $12000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be

$23100.

$26800.

$32800.

$25400.

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