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Question 5 Your answer is correct. Yani Company purchased a specialized machine on April 1, 2021 for a total cost of $254,000 from Scissor Manufactory.
Question 5 Your answer is correct. Yani Company purchased a specialized machine on April 1, 2021 for a total cost of $254,000 from Scissor Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $25,000. What amount would be reported as depreciation expense for this machine on Yani's December 31, 2021 income statement if Yani used the double diminishing-balance method of depreciation? Round answer to the nearest whole dollar. 6 $23,813 $21,468 $31,750 $28,625
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