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Business, 05.08.2021 20:40 temily0303
At the beginning of 2020, the company purchased a machine that had a cost of $300,000, an
estimated useful life of 6 years, and an estimated salvage value of $15,000. The company used the
straight-line method to depreciate the machine in 2020 and 2021. At the beginning of 2022, the
company decided to revise the salvage value of the machine to $25,000 and the total life of the
machine to 7 years. What is the depreciation expense of the machine in 2022 using the straight-
line method?
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At the beginning of 2020, the company purchased a machine that had a cost of $300,000, an
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