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(5 points) Flores, Inc. paid $15,927,300 to purchase equipment at the beginning of 2011. The estimated useful life at the time of the purchase was

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"(5 points) Flores, Inc. paid $15,927,300 to purchase equipment at the beginning of 2011. The estimated useful life at the time of the purchase was 15 years with no salvage value. At the beginning of 2020, Flores, Inc. paid $3,663,300 to overhaul the equipment, extending the asset's life by 4 years. Based on these estimates, what should Flores, Inc. record as depreciation expense on the machine in 2020, assuming the company uses straight line depreciation? (A 29)" "$637,092" O "$817,600" o "$897,240" "$1,003,422

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