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What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 5 years, the purchase price is $50,000, and the salvage value is $2,000?

What is the amount of straight-line depreciation for year 2 if the

useful life of an asset is 5 years, the purchase price is $50,000, and the salvage value is $2,000?

 
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