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11) Klass Joinery Limited has recently purchased a new machine which cost $45,000 plus $5,000 to install. The new machine will be depreciated at 10.1%
11) Klass Joinery Limited has recently purchased a new machine which cost $45,000 plus $5,000 to install. The new machine will be depreciated at 10.1% percent using the diminishing value method for tax purposes. What is the depreciation for tax purposes in year 2? (Please enter your answer to the nearest dollar and exclude using "$" or "," symbols etc.)
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