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Business, 20.09.2021 16:40 averystricker7837

A company purchased new furniture at a cost of $24,000 on January 1. The furniture is estimated to have a useful life of 5 years and a salvage value of $3,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?

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