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DEF Company purchased machinery for $100,000 on January 1, 2024, with an expected useful life of 5 years and no salvage value. Calculate the depreciation
DEF Company purchased machinery for $100,000 on January 1, 2024, with an expected useful life of 5 years and no salvage value. Calculate the depreciation expense for the year ended December 31, 2024, using straight-line depreciation. Discuss how this adheres to the matching principle.
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