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Atom and Co. purchased a machine on the first day of a year. The following data are available for the machine: Initial cost Expected

Atom and Co. purchased a machine on the first day of a year. The following data are available for the machine: Initial cost Expected useful life Estimated residual value $41,000 8 years $4.300 Determine the depreciation for the year using the straight-line method. Round final answer to whole number. a. $4,588 b. $7,588 c. $5,663 Od. $7,663

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