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part b Novak Company purchased machinery on January 1, 2020, for $100,000. The machinery is estimated to have a salvage value of $10,000 after a
part b
Novak Company purchased machinery on January 1, 2020, for $100,000. The machinery is estimated to have a salvage value of $10,000 after a useful life of 8 years. (a) Your answer is correct Compute 2020 depreciation expense using the sum-of-the-years-digits method Depreciation expense $ 20000 Attempts: 2 of 5 used (b) Compute 2020 depreciation expense using the sum-of-the-years-digits method, assuming the machinery was purchased on April 1.2020. (Round answer to decimal places, eg. 5,125.) Depreciation expense $ Step by Step Solution
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