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what is the rate column in the straight line method A company purchased...

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Accounting

what is the rate column in the straight line method

A company purchased store equipment for $38,500. The company estimates that at the end of its 10-year service life, the equipment will be worth $2,500. During the 10-year period, the company expects to use the equipment for a total of 12,000 hours. The company used the equipment for 1,620 hours the first year.

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