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On June 1, Aaron Company Purchased Equipment at a Cost

question 137

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On June 1, Aaron 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 and 30,000 hours, which ends on December 31.
Using straight-line depreciation, calculate depreciation expense for the final (partial) year of service.


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