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On January 1, 2021, your company, which uses the straight-line method, purchases 3 machines. Machine 1 cost $6,000, has a Salvage Value (SV) of $1,000,

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On January 1, 2021, your company, which uses the straight-line method, purchases 3 machines. Machine 1 cost $6,000, has a Salvage Value (SV) of $1,000, and a useful life of 5 years. Machine 2 cost $6,000, has a SV of $1,000, and a useful life of 10 years. Machine 3 cost of $11,000, has a salvage of $1,000, and a useful life of 10 years. What is total 2021 depreciation for the 3 machines? $2,500 $2,900 $1,250 $5,000

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