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Popeye Company purchased a machine for $500,000 on January 1, 2020. Popeye depreciotes machines of this type by the straight ine method over a five-year

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Popeye Company purchased a machine for $500,000 on January 1, 2020. Popeye depreciotes machines of this type by the straight ine method over a five-year period using no salvage value. Due to an errot, no depreciation was taken on this machine in 2020 . Popeye discovered the error in 2021. What amount should Popeye record as depreciation expense for 2021? The tax rate is 25%. Muhiple Choice $100,000 $200,000 575,000 $150000

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