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Question 10 0.3 pts Machinery is purchased for $160,000. It is estimated it has a useful life of 5 years and a residual value of

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Question 10 0.3 pts Machinery is purchased for $160,000. It is estimated it has a useful life of 5 years and a residual value of $30,000. Using the straight-line method, calculate the amount of annual depreciation to be charged $24,000 $26,000 O $12,000 O $13,000

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