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Determine depreciation expense for the fiscal year is

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Question 1: On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses straight line rate of 10%. Bronson's fiscal year end is June 30. Depreciation expense for the 2020 fiscal year is

Reference no: EM132495535

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