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On January 1, 2020 Alfredo Company purchased a new 3-D printer for $900,000 in cash. Although this printer is expected to last for ten years,
On January 1, 2020 Alfredo Company purchased a new 3-D printer for $900,000 in cash. Although this printer is expected to last for ten years, Alfredo knows the technology will E6. become old quickly, and so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $15,000. Calculate yearly depreciation using the straight-line method. Journalize the initial purchase and the subsequent years of depreciation expense. Fully depreciation to the salvage value. The initial purchase of the printer \begin{tabular}{|c|l|l|l|} \hline & & Accumulated & \\ Year & Depreciation Expense & Depreciation & Book Value \\ \hline 0 & & & $ \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline \end{tabular}
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