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Question 2 (2 points) Quigley, Inc. purchased a machine 8 years ago for $400,000. The machine is being depreciated on a straight-line basis to a
Question 2 (2 points) Quigley, Inc. purchased a machine 8 years ago for $400,000. The machine is being depreciated on a straight-line basis to a salvage value of zero over its estimated useful life of 10 years. What is the annual depreciation expense on this machine? $80,000 $50,000 $40,000 S0 For each of the following, determine whether that change in the account represents an operating cash inflow or an operating cash outflow: (note that this is analor nothing question you must answer items correctly to receive credit) Decrease in accruals Increase in inventory 1. Operating cash inflow Increase in accounts payable 2 Operating cash outflow Decrease in accounts receiva ble
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