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Rogers Company purchased a tooling machine on January 3, 2011 for $840,000. The machine was being depreciated on the straight-line method over an estimated useful
Rogers Company purchased a tooling machine on January 3, 2011 for $840,000. The machine was being depreciated on the straight-line method over an estimated useful life of 10 years, with no salvage value. At the beginning of 2018, the company paid $210,000 to overhaul the machine. As a result of this improvement, the company estimated that the useful life of the machine would be extended an additional 5 years (15 years total). What should be the depreciation expense recorded for the machine in 2018? answer is not 47,250 or 42,000
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