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On October 1 of the current year Shasta exploring our purchase a piece of equipment...

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Accounting

On October 1 of the current year Shasta exploring our purchase a piece of equipment for $50000 and the equiiment has an expecged useful life of five year its residual value is estimated for $4000. Assuming shasta uses the straight line method what is the depreciation expense for the equipment for the first yea

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