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On January 1, 2016, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual

On January 1, 2016, the Allegheny Corporation purchased machinery for $128,000. The estimated service life of the machinery is 10 years and the estimated residual value is $7,000. The machine is expected to produce 220,000 units during its life.

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