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EXTRA TopHat Problem 1 1 / Kelly Machines reported the following information about two of its machines as of December 3 1 , 2 0

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EXTRA TopHat Problem 1
1/ Kelly Machines reported the following information about two of its machines as of
December 31,2023.
a. Calculate the annual depreciation for each asset using the straight-line method
b. Calculate the accumulated depreciation and book value of each asset on December 31,
c. If the company determined during 2025 that machine #2 now has a salvage value of
$10,000, would you expect the accumulated depreciation as of December 31,2024, to
change? If so, would it likely increase or decrease?
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