question archive A company purchased new computers at a cost of $14,000 on October 1

A company purchased new computers at a cost of $14,000 on October 1

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A company purchased new computers at a cost of $14,000 on October 1. The computers are estimated to have a useful We of 4 years and a residual value of $2,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the computers for the first year ended December 317 $3,000 $1,000 $750 $250 5875

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