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On January 1, 2016, Roberto, Inc. acquired a new machine for $300,000. Its estimated useful life is nine years with an expected salvage value of

On January 1, 2016, Roberto, Inc. acquired a new machine for $300,000. Its estimated useful life is nine years with an expected salvage value of $30,000. Assuming straight-line depreciation, 2016 depreciation expense is:

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