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On January 1 , 2 0 2 1 , Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was

On January 1,2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000.
Using the double-declining balance method, depreciation for 2023 is approximately
multiple choice
$3,667
$2,445
$3,000
$667

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