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Depreciation Calculation - General Motors Company General Motors Company purchased new machinery for $400,000 on January 1, 2022. The machinery has an estimated useful life

Depreciation Calculation - General Motors Company

General Motors Company purchased new machinery for $400,000 on January 1, 2022. The machinery has an estimated useful life of 10 years and a salvage value of $20,000. They use the straight-line method for depreciation.

Calculate the annual depreciation expense for the years 2022, 2023, and 2024 for General Motors Company.

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