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Question 9 1p On January 1, 2005, Dent Co. purchased a machine for $792,000 and depreciated it by the straight- line method using an estimated
Question 9 1p On January 1, 2005, Dent Co. purchased a machine for $792,000 and depreciated it by the straight- line method using an estimated life of 8 years with no salvage value. On January 1, 2008, Dent determined that the machine had a useful life of six years from the date of acquisition and will have a salvage value of $72,000. An accounting change was made at the beginning of 2008 to reflect these additional data. What is the balance in accumulated depreciation for this machine at December 31, 2008 i.e., after depreciation expense has been recorded for 2008)? $462,000 $438,000 $367,500 $141.000 1 pts D Question 10 On January 1, 2017 Berry, Inc. purchased a machine costing $36,000
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