Question: On July 1 , 2 0 2 3 , Bramble Co . purchased some equipment that initially cost $ 5 5 9 0 0 .

On July 1,2023, Bramble Co. purchased some equipment that initially cost $55900. Additional costs included freight costs $400, non-
refundable taxes $7900, and installation $350. Estimated residual value is $2500. The company uses a straight 10%.
Bramble's fiscal year end is June 30. Depreciation expense for the 2024 fiscal year end is
$6425.
$6675.
$6385.
$6205.
On July 1,2023, Bramble Co. purchased some equipment that initially cost

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