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On April 1, 2010, Stones Backhoe Co. purchases a trencher for $250,000. The machine is expected to last five years and have a salvage value
On April 1, 2010, Stones Backhoe Co. purchases a trencher for $250,000. The machine is expected to last five years and have a salvage value of $25,000.
Compute depreciation expense for both 2010 and 2011 assuming the company uses the straight-line method.
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