Question: I need help with this general accounting question using the proper accounting approach. Norwalk Logistics purchased a freight tracking system on January 1 for $18,000.

I need help with this general accounting question using the proper accounting approach.

Norwalk Logistics purchased a freight tracking system on January 1 for $18,000. The system has a useful life of 5 years and an estimated residual value of $3,000. What is the amount of straight-line depreciation for each year

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