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Machinery costing $15,000 with an estimated salvage value of $1,080 and an estimated life of 4 years was purchased on October 31, 20X1. Using the

Machinery costing $15,000 with an
estimated salvage value of $1,080 and
an estimated life of 4 years was
purchased on October 31, 20X1. Using
the straight-line depreciation method,
what is the amount of depreciation
expense to be recorded at December

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