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Lorenzo Corporation purchased equipment January 1.2015 for $500.000. The equipment

Question : Lorenzo Corporation purchased equipment January 1.2015 for $500.000. The equipment : 3256

Lorenzo Corporation purchased equipment on January 1.2015 for $500.000. The equipment an estimated useful ire of5 years and an estimated salvage value of $50,000 Anerusing the egupment for 2 years, determined that the equipment could be used for an additional6 years and have had uses straight-line depreciation, compute depreciation expense salvage value of S9 000. Assuming Lorenzo Corporation for the year ending December 31.2017. O A $53.333 B. $51,833 C. $45,000 D, $48,500

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