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On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000

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On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $70,000 with an estimated residual value of $6,000 a-1. Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2015. Year Depreciation Accumulated Book 2015 2016 2017 2018 2019 Expense Depre ciation Value

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