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On March 7, Year 1, Edwards Company purchased equipment costing $67,200. The equipment has an estimated salvage value of $6,480 and an estimated useful life of 5 years. Edwards Company calculates depreciation to the nearest month Required: Compute the depreciation expense to the nearest month) for Year 1 and Year 2 using the straight-line method Year 1 deprecation expense Year 2 depreciation expense 30 $0 X 5