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A machine, acquired for a cash cost of $6,000, is being depreciated on a straight-line basis of $900 per year. The residual value was estimated
A machine, acquired for a cash cost of $6,000, is being depreciated on a straight-line basis of $900 per year. The residual value was estimated to be 10% of cost. The estimated useful life is: A. 3 years. B. 4 years. C. 5 years. D. 6 years. E. None of the above is correct.
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