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A Company Purchased Equipment Valued at $200,000 on January 1

Question 117

Multiple Choice

A company purchased equipment valued at $200,000 on January 1.The equipment has an estimated useful life of six years or 5 million units.The equipment is estimated to have a salvage value of $13,400.
-Assuming the straight-line method of depreciation,what is the depreciation for the second year?


A) $41,445.91
B) $62,137.80
C) $31,100.00
D) $55,980.00
E) $33,333.00

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