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On April 1, 2020, ABC Company acquired a machine for $1,000,000 in cash. It estimates that the machine will have a useful life of 4

On April 1, 2020, ABC Company acquired a machine for $1,000,000 in cash. It estimates that the machine will have a useful life of 4 years and a salvage value of $200,000. Show the journal entry for the depreciation expense related to this machine for year 2020.

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