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q 2 A company purchased a machine for $191,000 on October 1, 2021 The estimated service life is 10 years with a $20,100 residual value.
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2 A company purchased a machine for $191,000 on October 1, 2021 The estimated service life is 10 years with a $20,100 residual value. The company records partial year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2021, using straight line depreciation, is: (Do not round your Intermediate calculations. Round your answer to the nearest dollar amount) 530 Multiple Choice S $4775 54273 S10325 $0.99 Step by Step Solution
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