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Equipment was purchased for $301000. Freight charges amounted to $14900 and there was a cost...

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Accounting

image Equipment was purchased for $301000. Freight charges amounted to $14900 and there was a cost of $40500 for building a foundation and installing the equipment. It is estimated that the equipment will have a $59800 salvage value at the end of its 5 -year useful life. Depreciation expense each year using the straight-line method will be $59320.$48240.$49120.$71280

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