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A wood products company has decided to purchase new logging equipment $90,645 with a trade in...

A wood products company has decided to purchase new logging equipment $90,645 with a trade in of its old equipment. The old equipment has a BV of $10,000 at the time of the trade in. The new equipment will be kept for 10 years before being sold. It’s estimated SV at the time is expected to be $5,000. Using the SL method, the depreciation on the equipment over its despreciable life is?

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