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A firm buys a machine for $100,000 on January 1, 2008. The expected useful life of the machine to the firm is 4 years. The

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A firm buys a machine for $100,000 on January 1, 2008. The expected useful life of the machine to the firm is 4 years. The salvage value is $10,000. The firm uses the Straight Line depreciation method. The firm's FYE is the calendar year end. Journalize depreciation for the period ending on 12/31/08

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