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On April 1, 2013, Vermin Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and depreciation is computed

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On April 1, 2013, Vermin Co. purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and depreciation is computed by the sum-of-the-years'-digits method. The accumulated depreciation on this machinery at March 31, 2015, should be $120,000. $100,000. $200,000. $180,000

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