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Blossom Inc. bought new computers on January 1 for $ 3 8 0 0 0 to improve the quality of its animation products. The computers

Blossom Inc. bought new computers on January 1 for $38000 to improve the quality of its animation products. The computers have a useful life of 8 years but Blossom Inc. thinks that continuing technological developments will likely mean it will replace the computers after 4 years, at which time the computers wifl be worth $3400. If Blossom uses straight-line depreciation, the depreciation expense for the first year will be
$4750.
$9500.
$4325.
$8650.
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