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Fidget Manufacturing Inc. acquired a machine on January 1, 2020 for $70,000. The machine has a useful lif residual value of $10,000. The company uses

Fidget Manufacturing Inc. acquired a machine on January 1, 2020 for $70,000. The machine has a useful lif residual value of $10,000. The company uses the straight-line method of depreciation. What is the annual Company? Select one: a. $14,000 Ob. $12,000 O $10,000 Od. $16,000image text in transcribed

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