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If Company N purchases a machine on September 1 with a cost of $ 5 0 , 0 0 0 and a $ 1 0

If Company N purchases a machine on September 1 with a cost of $50,000 and a $10,000 residual that lasts 7 years how much depreciation should be recorded for the machine at the end of the year it was purchased if double declining balance and half year convention is used?

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