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Machinery purchased for $39,200 by Monty Corp. on January 1, 2015, was originally estimated to have an 8-year useful life with a residual value of

Machinery purchased for $39,200 by Monty Corp. on January 1, 2015, was originally estimated to have an 8-year useful life with a residual value of $4,000. Depreciation has been entered for five years ...

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