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Splish Company purchased machinery on January 1, 2025, for $99,200. The machinery is estimated to have a salvage value of $9,920 after a useful life

Splish Company purchased machinery on January 1, 2025, for $99,200. The machinery is estimated to have a salvage value of $9,920 after a useful life of 8 years.

  1. compute 2025 depreciation expense using straight line method assuming the machinery was purchased on september 1, 2025.

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