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On January 22, 20X1, your company purchases a machine for $200,000. Your company uses 150% DB depreciation. Assets purchased between the 1 st and 15
On January 22, 20X1, your company purchases a machine for $200,000. Your company uses 150% DB depreciation. Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though acquired the following month. Management estimates the machine will last 10 years and have a salvage value of $60,000. What is 20X1 depreciation expense?
$30,000 | ||
$19,250 | ||
$27,500 | ||
$21,000 |
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