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blue spruce corp. purchased a new machine October 1, 2020 at a cost of $291200. The company estimated that the machine has a salvage value
blue spruce corp. purchased a new machine October 1, 2020 at a cost of $291200. The company estimated that the machine has a salvage value of $22400. The machine is expected to be used for 224000 working hours during its 8-year life. declining balance using double the straight line rate for 2022 and 2023
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