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On July 1, 2017, Bonita Industries purchased machinery for $ 248000 . Salvage value was estimated to be $ 12000 . The machinery will be
On July 1, 2017,Bonita Industriespurchased machinery for $248000. Salvage value was estimated to be $12000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month,Bonitashould record depreciation expense for 2018 on this machinery of?
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