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Posted on Sep 02, 2024

PROBLEM 5 On June 1, 20X1. Apache Corp. purchases for $101,700 a machine with an estimated useful life of 3 years and a scrap value

PROBLEM 5

On June 1, 20X1. Apache Corp. purchases for $101,700 a machine with an estimated useful life of 3 years and a scrap value of $4,500.

Apache uses straight-line depreciation.

year	year beginning book value	depreciation expense	accumulated depreciation	year end book vale
20X1
20X2
20X3
20X4

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