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On January 1, 2019, Terps Company purchased a machine that cost $20,000. It has an estimated four-year life, and a 10 percent residual value. The
On January 1, 2019, Terps Company purchased a machine that cost $20,000. It has an estimated four-year life, and a 10 percent residual value. The machine is expected to be used for a total of 1,500 productive hours over the next 4 years. During 2019, it was used 430 hours. Using (a) straight- line and (b) productive time, the company should report 2019 depreciation expense as follows: Straight-line Activity Method $4,500 $5,160 $4,500 $5,735 A. B. C. D. $5,000 $5,160 $5,000 $5,735 O Option A Option C Option D Option B
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