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Slytherin Inc. purchased a machine on January 1, 2018, for $843,000. The machine was estimated to have a useful life of 22 years with an
Slytherin Inc. purchased a machine on January 1, 2018, for $843,000. The machine was estimated to have a useful life of 22 years with an estimated salvage value of $90,000. The machine was depreciated using the straight-line method. On January 1, 2020, it became apparent that the machine would become useless after December 31, 2025, and that the machine would have no scrap value. How much depreciation expense related to this machine should Slytherin Inc. record in 2020? $154,909.09 $129,090.91 $127,727.27 $34,227.27
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