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A company buys a new machine at a cost of $ 1 0 0 , 0 0 0 in 2 0 X 8 . It

A company buys a new machine at a cost of $100,000 in 20X8. It expects the asset to have a salvage value of $32,000 at the end of its useful life. The company expects to use the asset for 4 years. The company uses the reducing balance method of depreciation at a rate of 25%. Calculate depreciation charge for the 20X9.

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