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A company purchased a machine for $206,000 on October 1, 2021. The estimated service life is 10 years with a $19,600 residual value. The company
A company purchased a machine for $206,000 on October 1, 2021. The estimated service life is 10 years with a $19,600 residual value. The company records partial-year depreciation based on the number of months In service. Depreciation expense for the year ended December 31, 2021, using straight-line depreciation, Is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount) Multiple Choice $4.660. $6.385. $15.450. $5.150
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