If the company uses straight-line depreciation for 10 years


Question - On January 1, 2014, a company paid $36,000 for a machine with a salvage value of $4,000. If the company uses straight-line depreciation for 10 years, what is the depreciation expense for 2014?

Please show the equations. Thank you!

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Accounting Basics: If the company uses straight-line depreciation for 10 years
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