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Choco Inc. acquired a machine for $420,000 on September 12, 2016. It is expected that the machine will have a service life to the company

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Choco Inc. acquired a machine for $420,000 on September 12, 2016. It is expected that the machine will have a service life to the company of five years, the end of which the machine will be sold for an estimated value of $60,000. At the beginning of the first month of its fourth fiscal year, it was determined that a new motor needed to be installed. This motor will cost $40,000 and will extend the useful life of the machine to the company by three years above the initial estimate with a residual value of $30,000. The fiscal period of the company ends November 30. What would be the depreciation for the fiscal year ending in 2020? What entry would be made for fiscal 2020

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