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The Diamond Company bought a machine for production of jewelry which costed $150 000 at 1 January 2010. The useful life is 20 years. Calculate
The Diamond Company bought a machine for production of jewelry which costed $150 000 at 1 January 2010. The useful life is 20 years. Calculate the annual depreciation expense and the accumulated depreciation for the machine in 7 years. The straight-line depreciation is applied.
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