Purchased new restaurant equipment on September 1, 2018, for $11,000. Residual value at the end of an estimated 4-year service life is expected to be $1,500. Calculate depreciation expense using the straight-line method for 2018 and 2019, assuming a December 31 year-end.
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Purchased new restaurant equipment on September 1, 2018, for $11,000. Residual value at the end of a...
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