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Hampton Inc. purchased a machine to use in its business. The machine is estimated to have an economic life of 12 (twelve) years before it

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Hampton Inc. purchased a machine to use in its business. The machine is estimated to have an economic life of 12 (twelve) years before it becomes obsolete. The company expects to use the machine for 5 (five) years before it sells the machine to another company. Hampton uses the straight-line depreciation method. Question: How many years should Hampton depreciate this asset over

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