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A company bought a copy machine on January 1, 2024 for $17,000. It is expected to have a useful life of five years and a
A company bought a copy machine on January 1, 2024 for $17,000. It is expected to have a useful life of five years and a residual value of $2,000. On November 1, 2024, the copy machine was sold for $4,000. What is the amount of adjustment that needs to be made for the 2024 depreciation expense assuming the straight-line method is used? (Round all calculations to the nearest dollar) A. $1,500 B. $2,500 O C. $5,500 OD. $3,000
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