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Equipment Acquired on January 2,Year 1,at a Cost of $525,000

Question 32

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Equipment acquired on January 2,Year 1,at a cost of $525,000 has an estimated useful life of eight years and an estimated residual value of $45,000.
Required:
Equipment acquired on January 2,Year 1,at a cost of $525,000 has an estimated useful life of eight years and an estimated residual value of $45,000. Required:

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