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KLM corporation has a capital asset (e.g., a machine) that costs $12,000 when acquired (estimated useful life, 4 years and the estimated sale price at

KLM corporation has a capital asset (e.g., a machine) that costs $12,000 when acquired (estimated useful life, 4 years and the estimated sale price at disposal date $2,000). The estimated cost of dismantling and removing the machine at the end of year 4 is $150. Assuming straight-line amortization, the annual amortization expense is

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