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On January 1, 2017, Garden Company purchased a new machine for $4,200,000. The new machine has an estimated useful life of nine years and
On January 1, 2017, Garden Company purchased a new machine for $4,200,000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $150,000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Garden's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine? a. $3,390,000 b. $2,670,000 c. $2,613,331 d. $2,488,500 What should be the depreciation expense for the year ended Dec. 31st, 2025, which is the end of the useful life?
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