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On june 1 michael company purchased equipment at a cost of

Question - On June 1, Michael Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated useful life of 3 years or 30,000. Using straight line depreciation, calculate the depreciation for the second year

A. $17,500

B. $30,000

C. $12,500

D. $40,000

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Accounting Basics: On june 1 michael company purchased equipment at a cost of

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Accounting Basics: On june 1 michael company purchased equipment at a cost of

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