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ASAP On Aprill 3, 2023, David's Chocolates purchased a machine for $75,200. It was assumed that the machine would have a five-year ufe and a
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On Aprill 3, 2023, David's Chocolates purchased a machine for $75,200. It was assumed that the machine would have a five-year ufe and a $15,600 trade-in value. Early in January 2026, it was determined that the machine would have a seven-year useful life and the trade-in value would be $8,400. David's Chocolates uses the straight-line method to the nearest month for caiculating deprectation. Requlred: Record depreclavon at December 31, 2026, Davi's Chocolates' year-end. (Do not round Intermediate calculatlons. Round the final answers to the nearest whole dollor.) Journal entry worksheet Noter Enter debits before credics Step by Step Solution
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