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Business, 01.03.2021 22:00 hctlawton

A company purchased new furniture at a cost of $34,000 on September 30. The furniture is estimated to have a useful life of 4 years and a salvage value of $4,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31? a. $2,125
b. $6,375
c. $1,875
d. $625
e. $2,375

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