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13) 13.On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000 Woodstock also paid $1,000 for transportation and installation. The expected useful life of

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13.On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000 Woodstock also paid $1,000 for transportation and installation. The expected useful life of the machine is 6 years and the residual value is $5,000 How much is the annual depreciation expense assuming use of the straight-line depreciation method? a. $6,100. b. $6,000. c. $5,950. d. $5,750

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