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Potter Ltd. purchased a machine that helps them produce more chocolate. The machine costs $45015, Site preparation costs was $6641 and is expected to
Potter Ltd. purchased a machine that helps them produce more chocolate. The machine costs $45015, Site preparation costs was $6641 and is expected to last 10 years. The salvage value is $3615 Required Calculate the accumulated depreciation account's credit balance at the end of year 6, in case the Company uses the Straight-Line Method for depreciating the machine, and the Company purchased the machine on 1 January and it was ready to use on the day of purchase. Note: Give the answer without using the currency sign. Answer: Next page
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