On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for $72,500. The equipment had a three-year estimated life with a $12,500 salvage value. Straight-line depreciation was used
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Part 1 :Store equipment is purchased on January 1, 2002 at a cost of $14,000 and $1,000 was spent on its installation. The