A company purchased factory equipment on May 1, 2012 for $30,000. It is estimated that the equipment will have a $4,200 residual value at the end of its 8-year useful life. Using straight-line depreciation, the depreciation expense for calendar 2012 is

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The Answer of A company purchased factory equipment on May 1, 2012 for $30,000. It is estimated that the equipment will have a $4,200 residual value at the end of its 8-year useful life. Using straight-line depreciation, the depreciation expense for calendar 2012 is

A Company Purchased Factory Equipment on May 1, 2012 for $30,000