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On January 1, 2018, Jordan, Inc. acquired a machine for $ 1 comma 040 comma 000 . The estimated useful life of the asset is
On January 1, 2018, Jordan, Inc. acquired a machine for
$ 1 comma 040 comma 000
.
The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be
$ 63 comma 000
.
Calculate the depreciation expense per year using the
straightminus
line
method.
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