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A machine, acquired for a cash cost of $17,500, is being depreciated on a straight-line basis of $2,000 per year. The residual value was estimated
A machine, acquired for a cash cost of $17,500, is being depreciated on a straight-line basis of $2,000 per year. The residual value was estimated to be 20% of cost. The estimated useful life is
6 years.
7 years.
8 years.
5 years.
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