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Jessica acquired a machine for 50,000 on 1 January 20x5 and estimates the economic life as four years and scrap value as 10,000. Calculate the
Jessica acquired a machine for 50,000 on 1 January 20x5 and estimates the economic life as four years and scrap value as 10,000. Calculate the depreciation expense in the first year, if the Reducing Balance method is used applying a rate of 41.25% of depreciable cost or 33% of cost.
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