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Blue Spruce Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to Machine no. 201 was gathered at the end of

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Blue Spruce Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to Machine no. 201 was gathered at the end of May: It was expected that the machine could be used for 10 years, after which the residual value would be zero. However, Blue Spruce intends to use the machine for only 8 years and expects to then be able to sell it for $1,800. The invoice for Machine no. 201 was paid on May 5, 2023. Blue Spruce has a December 31 year end, Depreciation expense should be calculated to the nearest half month. Blue Spruce follows IFRS for financial statement purposes. Blue Spruce Corp. purchased Machine no. 201 on May 1, 2023. The following information relating to Machine no. 201 was gathered at the end of May: It was expected that the machine could be used for 10 years, after which the residual value would be zero. However, Blue Spruce intends to use the machine for only 8 years and expects to then be able to sell it for $1,800. The invoice for Machine no. 201 was paid on May 5, 2023. Blue Spruce has a December 31 year end, Depreciation expense should be calculated to the nearest half month. Blue Spruce follows IFRS for financial statement purposes

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