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QUESTION
Company XYZ bought a piece of equipment on January 1, 2009, for $700,000. The equipment was estimated to have a useful life of eight years and a...
Company XYZ bought a piece of equipment on January 1, 2009, for $700,000. The equipment was estimated to have a useful life of eight years and a salvage value of $50,000. The company uses the sum-of-the-years'-digits method of depreciation. How much depreciation expense should the company claim for year 2013?
