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

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Bridgeport 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, Bridgeport intends to use the machine for only 8 years and expects to then be able to sell it for $1.500. The invoice for Machine no. 201 was paid on May 5. 2023. Bridgeport has a December 31 year end. Depreciation expense should be calculated to the nearest half month. Bridgeport follows IFRS for financlal statement purposes. Assume that Bridgeport selects the double-declining-balance method of depreciation. In 2025, demand for the product produced by the machine decreases sharply, due to the launch of a new and better competing product on the market. On August 15,2025 , the management of Bridgeport meets and decides to discontinue manufacturing the product. On September 15, 2025, a formal plan to sell the machine is authorized. On this date, the machine meets all criteria for classification as held for sale, and the machine's fair value less costs to sell is $56,500. Calculate the depreciation expense for 2025. (Do not round intermediate calculations and round answers to 0 decimal ploces, e.8. 5,275.) Depreciation expense for 2025

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