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On January 2, 2008, Topanga Company purchased a machine for $90,000. The machine has a fiveyear estimated useful life and a $6,000 estimated residual value.

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On January 2, 2008, Topanga Company purchased a machine for $90,000. The machine has a fiveyear estimated useful life and a $6,000 estimated residual value. In addition, the company expects to use the machine 20.000 hours. Assuming that the machine was used 3,500 hours during 2008 , complete the following chart. Enter answers to the nearest whole number .. no decimal places. Method Depreciation Expense for 2008 Cartying Value at 12/31/2008 Straleht-line Production No answer required Double-decliningrbalance

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