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A company purchases a machine for $10,000 on November 1, 2020. It has a salvage value of $1,000 and a useful life of 10 years.

A company purchases a machine for $10,000 on November 1, 2020. It has a salvage value of $1,000 and a useful life of 10 years. The company uses straight line depreciation. The depreciation for 2020 is: 900 1,000 150 500

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