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P purchased a machine on January 1, 2025 for $14591 At the time of purchase, the machine was expected to have a useful life of
P purchased a machine on January 1, 2025 for $14591 At the time of purchase, the machine was expected to have a useful life of 15 years and a residual value of $438 Puses straight-line depreciation At the beginning of 2032, P estimated the machine had a remaining useful life of 12 years with no residual value. Determine the following amounts o The depreciation expense for the year ending December 31, 2025: The carrying value of the machine on January 1, 2032: o The depreciation expense for the year ending December 31, 2032: o The carrying value of the machine on December 31, 2032
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