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On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33.000. The machine has an

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On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33.000. The machine has an estimated useful life of 3 years and a salvage value of $3.000. Using the double-declining balance method, depreciation for 2023 is approximately $3,667$2.445$3,000$667

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