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On January 2, 2018, Athol Company bought a machine for $72,000. The machine has an estimated useful life of eight years and an estimated residual
On January 2, 2018, Athol Company bought a machine for $72,000. The machine has an estimated useful life of eight years and an estimated residual value of $1,500. The company provided the following information: On June 30, 2023, the company completed the replacement of a major part of the machine that cost $12,375. This expenditure is expected to reduce the machine's operating costs, increase its estimated useful life by two years, and decrease its estimated residual value to $1,000. Calculate Depreciation for 2018, 2019, 2020, 2021, 2022,2023, 2024,2025,2026,2027
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