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ABC Co. purchased a machine for $65.000 on 1 March 2021. The Residual value is $5,000 and the estimated useful life is ten years. What

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ABC Co. purchased a machine for $65.000 on 1 March 2021. The Residual value is $5,000 and the estimated useful life is ten years. What is the journal entry to record annual depreciation for year ended 31 Dec 2022? ABC Co. uses calendar year as its financial year. A. Debit WDV expense $6,500 Credit Depreciation expense $6,500 B. Debit Depreciation expense $6,000 Credit Accumulated Depreciation $6,000 C. Debit Accumulated Depreciation $4,500 Credit WDV Expense D. Debit Depreciation expense $4,800 Credit Accumulated Depreciation $4,800 Ob OOOO Debit Depreciation expense 54,800 Credit Accumulated Depreciation 54,800 Debit Accumulated Depreciation $4,500 Credit WDV Expense Debit Depreciation expense $6,000 Credit Accumulated Depreciation $6,000 Debit WDV expense $6.500 Credit Depreciation expense $6,500 c d

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