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Skysong Inc. purchased machinery on January 1, 2017, for $132,000. The machinery is estimated to have a salvage value of $26,400 after a useful life

Skysong Inc. purchased machinery on January 1, 2017, for $132,000. The machinery is estimated to have a salvage value of $26,400 after a useful life of 6 years.

Compute 2017 depreciation expense using the straight-line method assuming the machinery was purchased on April 1, 2017.

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