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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

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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 value estimated at $8.000. Using the straight line method, how much depreciation will be charged to the Income Statement on an annual basis? $98,667 $86,667 S900.000 $89.000

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