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On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $310,000. The machine is expected to last six years and have a salvage value
On April 1, 2014, Cyclone's Backhoe Co. purchases a trencher for $310,000. The machine is expected to last six years and have a salvage value of $31,000.
Compute depreciation expense for both years ending December 2014 and2015 assuming the company uses the straight-line method.
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