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Q2. Bader Co. purchased a machine for $79,700 on Jan 1, 2019. It had an estimated life of 8 years and residual value of $9,700.

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Q2. Bader Co. purchased a machine for $79,700 on Jan 1, 2019. It had an estimated life of 8 years and residual value of $9,700. Bader's financial year ends Dec 31. Use the sum-of-the-years-digits method to determine, (a) depreciation expense incurred for the machine during 2022, and (b) the book value of the machine as at Dec 31, 2023 Show plausible calculations to get credit. 02a. Depreciation expense incurred during 2022 is: $ [1 mark] Q2b. The book value of the machine as at Dec 31, 2023 is: [1 mark]

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