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Compute the amount of straight-line depreciation

Response to the following problem:

Gordon Hospital purchased a new item of equipment for $15,000 on January 1, 20X1. This equipment has an estimated useful life of ten years and an expected salvage value of 20 percent. Compute the amount of straight-line depreciation for 20X1.

PLEASE SHOW CALCULATIONS ON HOW YOU ARRIVED AT YOUR ANSWER.

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Accounting Basics: Compute the amount of straight-line depreciation

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Accounting Basics: Compute the amount of straight-line depreciation

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