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The following information is available for Ermler Company, which has an accounting year-end of December 31, 2022. Fill in the required amounts below. Question
The following information is available for Ermler Company, which has an accounting year-end of December 31, 2022. Fill in the required amounts below. Question 21 (4 points) A new machine was purchased on April 1, 2022, for $650,000. It has an estimated useful life of 8 years and a salvage value of $30,000 at the end of the asset's useful life. Depreciation is calculated using the straight-line method. Calculate the depreciation expense for 2022. Show your calculation (formula) in the first blank. (2 points) Show your answer in the second blank. (2 points) Blank # 1 Blank # 2
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