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Scenario 46: Depreciation Calculation - Ford Motor Company Ford Motor Company acquired new production machinery for $150,000 on January 1, 2020. The machinery has an

Scenario 46: Depreciation Calculation - Ford Motor Company
Ford Motor Company acquired new production machinery for $150,000 on January 1, 2020. The machinery has an estimated useful life of 8 years and no salvage value. They use the straight-line method for depreciation.
Calculate the annual depreciation expense for the years 2020, 2021, and 2022 for Ford Motor Company.

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