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Straight-line method of depreciation

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A company purchased factory equipment on January 1, 2013 for $48,000.

It is estimated that the equipment will have a $3,000 salvage value at the end of its 10-year useful life.

Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2013, is

Reference no: EM132204080

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