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Rose Corp. acquired a new office machine on January 1, 2016, for $100,000. The machine has a 20-year useful life and a $20,000 estimated
Rose Corp. acquired a new office machine on January 1, 2016, for $100,000. The machine has a 20-year useful life and a $20,000 estimated salvage value. On August 1, 2020, it is estimated that the remaining useful life of the machine will be 6 years and that the salvage value will be zero at the end of its useful life. Rose Corp. uses the straight-line method for depreciation. What is the depreciation expense for 2020? Round your interim calculations and final answer to 2 decimal places. Do not include any dollar signs, percentage % signs, commas, and/or spaces in your answer. Your answer should only include numbers. For negative numbers, use a negative sign before the number e.g. -1021.57 Do not use brackets for negative numbers and do not leave a space between the negative sign and the number. Answer: 5736.11 x (14000)
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