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Assume that Bloomer Company purchased a new machine on January 1, 2016, for $60, 900. The machine has an estimated useful life of nine years

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Assume that Bloomer Company purchased a new machine on January 1, 2016, for $60, 900. The machine has an estimated useful life of nine years and a residual value of $6, 090. Bloomer has chosen to use the straight-line method of depreciation. On January 1, 2018, Bloomer discovered that the machine would not be useful beyond December 31, 2021, and estimated its value at that time to be $2, 400. Calculate the deprecation expense, accumulated deprecation, and book value of the asset for each year 2016 to 2021. If necessary, round any deprecation calculations to the nearest dollar

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