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The Rothchild Chair Company purchased a sanding machine On September 30, 2021 for $215,000. The estimated service life is 10 years with a $24,000 residual
The Rothchild Chair Company purchased a sanding machine On September 30, 2021 for $215,000. The estimated service life is 10 years with a $24,000 residual value. Rothchild records partial-year depreciation based on the number of months in service. Depreciation for 2021 using the straight-line method is: (Do not round intermediate calculations.)
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