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A company purchased a machine for $192,000 on October 1,2024 . The estimated service life is 10 years with a $20,900 residual value. The company

A company purchased a machine for

$192,000

on October 1,2024 . The estimated service life is 10 years with a

$20,900

residual value. The company records partial-year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2024, using straight-line depreciation, is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount)\

$4,800

.\

$3,003

.\

$4,278

.\

$14,400

.

image text in transcribed
A company purchased a machine for $192,000 on October 1,2024 . The estimated service life is 10 years with a $20,900 residual value. The company records partial-year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2024, using straight-line depreciation, is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount) $4,800. $3,003. $4,278. $14,400

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