The amount to be recorded as depreciation expense

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Reference no: EM131173508

A company purchased factory equipment on June 1, 2013, for $80,000.

It is estimated that the equipment will have a $5,000 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: EM131173508

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