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Mama Co. purchased a machine on June 1, 2020, for $1,100,000. The machine has an estimated useful life of five years and a salvage value

Mama Co. purchased a machine on June 1, 2020, for $1,100,000. The machine has an estimated useful life of five years and a salvage value of $200,000. Using the declining balance method. For the year ended December 31, 2021, Mama should record depreciation expense on this machine of

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