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1. Straight-Line Depreciation (15 points) A machine is purchased for $50,000 on July 1, 2019. It is expected to have a useful life of 10

1. Straight-Line Depreciation (15 points) A machine is purchased for $50,000 on July 1, 2019. It is expected to have a useful life of 10 years and a salvage value of $5,000. What is depreciation expense for 2019 and 2020? 2019 2020

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