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Susquehana company purchased an asset at the beginning of

Susquehana Company purchased an asset at the beginning of the current year for $250,000. The estimated residual value is $25,000. Susquehana Company estimates that the asset will be used for 10 years and uses straight line depreciation.

Calculate the depreciation expense per year.

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Accounting Basics: Susquehana company purchased an asset at the beginning of

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Accounting Basics: Susquehana company purchased an asset at the beginning of

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