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pls help w both On January 1, 2021. Blue Corporation purchased a machine for $30.000 cash. Blue estimates that the machine has a useful life
pls help w both
On January 1, 2021. Blue Corporation purchased a machine for $30.000 cash. Blue estimates that the machine has a useful life of 5 years and a salvage value of $5,000. What is the depreciation expense for 2021 on the machine if Blue uses the straight-line method of depreciation? $7.000 55.000 $6.000 O $4.000 Question 32 3.85 pts Using the same information for Blue Corporation in the question above, what is the depreciation for the second year, 2022, on the machine if Blue uses the declining balance method of depreciation? 57.200 $10.000 $12.000 56.000 Step by Step Solution
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