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On January 1 , 2 0 1 1 , Munoz Co . purchased machinery. The machinery has an estimated useful life of eight years and

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On January 1,2011, Munoz Co. purchased machinery. The machinery has an estimated useful life of eight years and an estimated salvage value of $2,816. The depreciation applicable to this machinery was $37,122 for 2013, computed by the sum-of-the-years'-digits method. The acquisition cost of the machinery was
(rounding hint: if you convert a fraction to a decimal, don't round it when going forward to use it in any calculations. For example, if 3255=.581818181818181...leave all those decimals in your calculator when going on to do any further calculations.)
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