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28 01:22:17 Lundholm Company purchased a machine for $105,800 on January 1, 2019. Lundholm depreciates machines of this type by the straight-line method over a
28 01:22:17 Lundholm Company purchased a machine for $105,800 on January 1, 2019. Lundholm depreciates machines of this type by the straight-line method over a 10-year period using no salvage value. Due to a change in sales patterns, on January 1, 2021, management determines the useful life of the machine to be a total of five years. What amount should Lundholm record for depreciation expense for 2021? The tax rate is 25%. Multiple Choice $28,213. 0 $25,568. $56,426. $3,527
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