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Prepare a depreciation schedule for the piece of equipment

A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period.

Prepare a depreciation schedule for the piece of equipment using the straight-line method with a recover period of five years.
Report the annual depreciation and the annual book value.

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Financial Accounting: Prepare a depreciation schedule for the piece of equipment

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Financial Accounting: Prepare a depreciation schedule for the piece of equipment

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