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AZ Inc. purchased Equipment on January 1 for $80,000. This equipment is depreciated smg the straight line method with a salvage value of $1,000 and a five year estimated useful life Show where applicable How much depreciation expense would be reported each year for this equipment b. What is the total accumulated depreciation on Equipment at the end of year 2 In which Financial Statement would Equipment be presented in (Choose from below) Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows d What would be the total value reported for Equipment in this Financial Statement at the end of year 5