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On April 30, 2009, Tilton Products purchased machinery for $198,000. The useful life of this machinery is estimated at 8 years, with an $18,000 residual
On April 30, 2009, Tilton Products purchased machinery for $198,000. The useful life of this machinery is estimated at 8 years, with an $18,000 residual value. Refer to the information above. Assume that In its financial statements, Tilton Products uses straight-line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be: O $11,250 in 2009 and $22,500 in 2010. $13,500 in 2009 and $27,000 in 2010. $24.750 in 2009 and $12,375 in 2010. $16,875 in 2009 and $24.750 in 2010. O
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