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thorton industries purchased a machine part-way through the year on July 1 for $45,000 and is depreciating it with the straight-line method over a life
thorton industries purchased a machine part-way through the year on July 1 for $45,000 and is depreciating it with the straight-line method over a life of 10 years, using a residual value of $3,000. Depreciation Expense for the machine for that year ended December 31 is:
a. $2,100
b. $2,250
c. $4,200
d. $4,500
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