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Question(s) / Instruction(s):

On January 1, Able Company purchased equipment costing $139,800 with an estimated salvage value of $11,300, and an estimated useful life of 5 years. What is the amount that should be recorded as depreciation on December 31?

a)            $11,300

b)            $30,220

c)            $139,800

d)            $25,700

e)            $27,960

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