El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of
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El Tapitio purchased restaurant furniture on September 1, 2021, for $45,000. Residual value at the end of an estimated 10-year service life is expected to be $6,000. Calculate depreciation expense for 2021 and 2022, using the straight-line method, and assuming a December 31 year-end.
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Related Book For 
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
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