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A company purchased factory equipment on April 1, 2022 for $142600. It is estimated that the equipment will have a $13000 sal
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Answer #1

Annual depreciation expense=(Cost-Salvage value)/Useful Life

=(142600-13000)/10=$12960/year

Hence depreciation expense at December 31,2022=$12960*(9/12)(Period from April 1-December 31)

=$9720

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