What is the amount of its monthly depreciation expense
Problem
If equipment is purchased at a price of $20,000 and its useful life is 5 years. After using it for five years it can be sold at a price of $2000. What is the amount of its monthly depreciation expense using straight line depreciation method?
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After using it for five years it can be sold at price of $2000. What is the amount of its monthly depreciation expense using straight line depreciation method.
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