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Speedy U is in the business of printing logos on t-shirts or mugs. The owner plans to expand its operations. On August 1, 2021, Speedy
Speedy U is in the business of printing logos on t-shirts or mugs. The owner plans to expand its operations. On August 1, 2021, Speedy U purchased a brand new printing machine for $191,140. The machine is expected to last 3 years and will have a residual value of $700. Speedy U has a December 31 year end and calculates depreciation based on the number of months the asset is owned. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the machine. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number Year Original Cost of Machine Depreciation Expense Accumulated Depreciation Net Book Value 2021 2022 2023 2024
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