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On July 1, 2022, Lavaux Inc. purchased a machine for $25,000 and placed it in service. The machine has an estimated salvage value of $3,000

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On July 1, 2022, Lavaux Inc. purchased a machine for $25,000 and placed it in service. The machine has an estimated salvage value of $3,000 and a useful life of 8 years. Compute depreciation expense for the year ended December 31, 2022, assuming that Lavaux Inc. uses the straight-line method

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