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The Bendell Company purchased a piece of machinery for $120,000.00. It has an estimated useful life of five years or 12,000 hours and a residual

  1. The Bendell Company purchased a piece of machinery for $120,000.00. It has an estimated useful life of five years or 12,000 hours and a residual value of $6,000.00.

    What is the calculated depreciation for years 1 and 2 by the Average Costs method?

    Year 1: $48,000

    Year 2: $28,600

    Year 1: 46,000

    Year 2: $29,000

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