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On September 30, 2021, Bricker Enterprises purchased a machine for $219,000. The estimated service life is 10 years with a $25,000 residual value. Bricker records
On September 30, 2021, Bricker Enterprises purchased a machine for $219,000. The estimated service life is 10 years with a $25,000 residual value. Bricker records partial-year depreciation based on the number of months in service. Depreciation for 2021 using the straight-line method is: (Do not round intermediate calculations.)
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