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Farms R Us purchased a machine on January 1, 2020, at a cost of $36,000. The company estimated that the machine will have a residual

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Farms R Us purchased a machine on January 1, 2020, at a cost of $36,000. The company estimated that the machine will have a residual value of $6,000 at the end of its useful life after 5 years. Under the straight-line method, what amount should Farms R Us record as depreciation expense for 2020? Show your calculations!!! 1 io B

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