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A company purchases a machine for 64,000. It has no residual value and an expected useful life of eight years. It is depreciated using the
A company purchases a machine for 64,000. It has no residual value and an expected
useful life of eight years. It is depreciated using the straight line method for two years
when the company decides to change the depreciation method to reducing balance at
30%.
The annual depreciation for the first year under the new method will be?
A 8,000
B 14,400
C 19,200
D 9,408
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