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On September 19, 2019, Ham Co. purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years
On September 19, 2019, Ham Co. purchased machinery for $285,000. Salvage value was estimated to be $15,000. The machinery will be depreciated over eight years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, Markham should record depreciation expense for 2020 on this machinery of?
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