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On June 30, a machine with a useful life of 10 years and a residual value of $10,000 was purchased for $75,000. What is the
On June 30, a machine with a useful life of 10 years and a residual value of $10,000 was purchased for $75,000. What is the depreciation expense for year 2 under straight line depreciation? A. 6,500 B. 13,000 Not sure if the question is looking for just the expense for year 2 which would be $6,500, or the accumulated depreciation expense of all the years up until year 2 which would then be $13,000.
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