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On May 1, 2020, Blake Company purchased and placed into service machinery costing $16,000 with an estimated useful life of 4 years and a residual

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On May 1, 2020, Blake Company purchased and placed into service machinery costing $16,000 with an estimated useful life of 4 years and a residual value of $4,000. Blake Company's fiscal year end is December 31. What is the depreciation expense for the machinery in 2020? A. $2,000 B. $16,000 C. $12,000 D. $3,000

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