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pls and thank you Gamma Corporation purchased a machine on January 1,2023 for $325,000. The machine was estimated to have a useful life of 10
pls and thank you
Gamma Corporation purchased a machine on January 1,2023 for $325,000. The machine was estimated to have a useful life of 10 years with a salvage value of $25,000. Gamma uses the straight-line method to depreciate this class of equipment. During 2026, it became apparent that the machine would become uneconomical after December 31,2030 , and that the machine would have no salvage value. What amount should be reported for Depreciation Expense as of December 31, 2026? \begin{tabular}{|} $32,500 \\ $30,000 \\ $42,000 \\ $47,000 \\ $588,750 \end{tabular} Step by Step Solution
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