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Nash Company purchased machinery on January 1, 2025, for $81,600. The machinery is estimated to have a salvage value of $8,160 after a useful life
Nash Company purchased machinery on January 1, 2025, for $81,600. The machinery is estimated to have a salvage value of $8,160 after a useful life of 8 years. Compute 2025 depreciation expense using the sum of the years digits method, assuming the machinery was purchased on April 1, 2025.
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