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On April 1, 2023, B2B Company purchased a machine for $596,000. The estimated service life is 10 years with 32,000 residual values B2B company records

On April 1, 2023, B2B Company purchased a machine for $596,000. The estimated service life is 10 years with 32,000 residual values B2B company records partial year depreciation based on the number of months in service.

Depreciation for 2023 using double declining balance method would be:

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