A company purchased a piece of equipment for $162,000 on April 1, 2019. The company determined that it has a 5 year life, and an estimated residual value of $2,000. If the company uses the straight-line method for depreciation, what is the depreciation expense for the year ended December 31, 2019?
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A company purchased a piece of equipment for $162,000 on April 1, 2019. The company determined that...
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