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A brand new machine is purchased at the beginning of the year for $600,000. Its useful life is estimated at 6 years with a salvage
A brand new machine is purchased at the beginning of the year for $600,000. Its
useful life is estimated at 6 years with a salvage value estimated at $80,000. Using
the straight line method, how much depreciation will be charged to the Income
Statement on an annual basis?
$100.000
$86,667
@ $89.000
$98.667
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
