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On July 1 , 2 0 2 0 , Sandhill Corp. purchased a machine for $ 5 5 6 0 0 0 . The machine
On July Sandhill Corp. purchased a machine for $ The machine was estimated to have a useful life of ten years with an estimated residual value of $ During it became apparent that the machine would become uneconomical after December and that the machine would have no salvage value. Accumulated depreciation on this machine at December was $ using the straightline method. The depreciation expense for should be
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