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Question: On 1 January, Samson Limited buys a machine. The machine cost $50,000, has an estimated residual value of $10,000, and an estimated useful life

Question: On 1 January, Samson Limited buys a machine. The machine cost $50,000, has an estimated residual value of $10,000, and an estimated useful life of 4 years. Compute annual depreciation using the straight-line method.

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