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Cardinal Industries purchased a generator which cost $11,000. It has an estimated life of 5 years and a residual value of $1,000. Compute the depreciation expense for the first full year using the straight line method of depreciation. a. $2,500 b. $2,000 c. $2,200 d. $2,250
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Cardinal Industries purchased a generator which cost $11,000. It has an estimated life of 5 years an...
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