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How much depreciation expense should company a record

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Reference no: EM133140379

Question - Company A purchased a new piece of equipment on September 1, 2020 at a cost of $740,000. The equipment has an estimated useful life of 8 years and an estimated salvage value of $20,000. Company A uses sum-of-the-years' digits depreciation method. How much depreciation expense should Company A record in 2020?

Reference no: EM133140379

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