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A calendar year company acquired a machine on Jan. 1, which has an expected useful life of 5 years and a depreciable cost of $8,000

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A calendar year company acquired a machine on Jan. 1, which has an expected useful life of 5 years and a depreciable cost of $8,000 which reflects a salvage value that is 20% of cost. What is the depreciation expense in year 2 under straight-line depreciation

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