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On April 1, 2019, Lake Co. purchased machinery for $240,000. Salvage value was estimated to be $10,000. The machinery will be depreciated over ten years
On April 1, 2019, Lake Co. purchased machinery for $240,000. Salvage value was estimated to be $10,000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, determine the depreciation expense for the period January 1 thru December 31 , 202C on this machinery. Select one: A. $41,600 B. $41,866 C. $40,800 D. $41,400
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