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A company bought a copy machine on January 1, 2024 for $11,000. It is expected to have a useful life of five years and a

A company bought a copy machine on January 1, 2024 for

$11,000.

It is expected to have a useful life of five years and a residual value of

$3,000.

On November 1, 2024, the copy machine was sold for

$2,000.

What is the amount of adjustment that needs to be made for the 2024 depreciation expense assuming the

straightline

method is used? (Round all calculations to the nearest dollar.)

A.

$2,933

B.

$1,333

C.

$800

D.1600

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