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The XYZ Corporation is investing in a $100,000 piece of machinery with 5-year useful life and $20,000 residual value. Using the straight-line method, how much

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The XYZ Corporation is investing in a $100,000 piece of machinery with 5-year useful life and $20,000 residual value. Using the straight-line method, how much depreciation occurs in year 1 ? $20,000 $32,000 $15,000 $16,000

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