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5 A machine that was purchased for 2,500 has an estimated useful life of 8 years and a trade-in value of 500. Find the annual

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5 A machine that was purchased for 2,500 has an estimated useful life of 8 years and a trade-in value of 500. Find the annual depreciation charges using the sinking fund method and assuming that the effective rate of interest is 1%. What is the accumulated depreciation at the end of year 6? Please enter the amount in rounded to the nearest integer

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