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The Fluffy Laundromat purchased new washing machines and dryers for $68,000. Shipping charges were $490 and installation amounted to $600. The machines are expected to

The Fluffy Laundromat purchased new washing machines and dryers for $68,000. Shipping charges were $490 and installation amounted to $600. The machines are expected to last for 4 years and have a residual value of $5000. If Fluffy elects to use the straight-line method of depreciation, prepare a depreciation schedule for these machines.

End of Year Annual Depreciation Accumulated Depreciation Book Value
1 $Correct $ $
2 $ $ $
3 $ $ $
4 $ $ $5000

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