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Depreciation An automated packaging machine purchased for $100,000 that is used in a factory. It is estimated that this machine will have a useful life

Depreciation An automated packaging machine purchased for $100,000 that is used in a factory. It is estimated that this machine will have a useful life of ten years and will have a residual value of $5,000. The calculation of the annual depreciation charge is as follows: prepare the schedule and the journal entries

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