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On April 1, 2022, Maxwell Company purchased new machinery for $450,000. The machinery has an estimated useful life of five years and depreciation is computed

  1. On April 1, 2022, Maxwell Company purchased new machinery for $450,000. The machinery has an estimated useful life of five years and depreciation is computed by the sum of the years digits method. The balance in the accumulated depreciation account for this machinery at March 31, 2024 is
  2. $160,000
  3. $200,000
  4. $270,000
  5. $150,000

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