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Cintimate Assume that Bore Company purchased a new machine an tanuary 1, 2017 for $94,600. The machine has as estimated use of years and a

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Cintimate Assume that Bore Company purchased a new machine an tanuary 1, 2017 for $94,600. The machine has as estimated use of years and a residual value of $9.460. Bloomeras chosen to use the straight-line method at apreciation. On January 1, 2019, Bloomer discovered that the machine would not be useful beyond December 31, 2022, and estimated its value at that time to be $3,400 Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value of the asset for each year 2017 to 2022. If necessary, round any depreciation culmins to the nearest collar Depreciation Accumulated Year Expense Depreciation Book Value 2017 2013 2019 2020 2021 Cintimate Assume that Bore Company purchased a new machine an tanuary 1, 2017 for $94,600. The machine has as estimated use of years and a residual value of $9.460. Bloomeras chosen to use the straight-line method at apreciation. On January 1, 2019, Bloomer discovered that the machine would not be useful beyond December 31, 2022, and estimated its value at that time to be $3,400 Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value of the asset for each year 2017 to 2022. If necessary, round any depreciation culmins to the nearest collar Depreciation Accumulated Year Expense Depreciation Book Value 2017 2013 2019 2020 2021

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