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On March 1 , 2 0 2 3 , Sandhill Ltd . purchased a machine for $ 7 8 , 0 0 0 by paying
On March Sandhill Ltd purchased a machine for $ by paying $ down and issuing a note for the balance. The machine had an estimated useful life of nine years and an estimated residual value of $ Sandhill Winds uses the straightline method of depreciation and has a December year end. On October the machine was sold for $Assume instead that the company used the doublediminishingbalance method to depreciate the cost of the machine:What amount of depreciation would be recorded in and Hint: prorate the annual depreciation amounts.
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