Dental Office
A dental office using the straight-line method of depreciation purchased equipment costing $72,000 and put it into use on June 1. The equipment is expected to have a useful life of ten years and an estimated resale value of $4,800.
-Refer to the Dental Office scenario. Compute the depreciation expense for June 1 through December 31 of the first tax year and all 12 months of the second and third years.
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