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On September 30, 2021, Bricker Enterprises purchased a machine for $213,000. The estimated service life is 10 years with a $20.000 residual value Bricker records
On September 30, 2021, Bricker Enterprises purchased a machine for $213,000. The estimated service life is 10 years with a $20.000 residual value Bricker records partial-year depreciation based on the number of months in service Depreciation for 2022, using the double declining-balance method, would be: Multiple Choice $42.600 $36,470 540,470 Cutter Enterprises purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $8,100. Using the straight-line method, depreciation for 2021 would be -39 Multiple Choice 569.000 $69.000 513 300 None of the other answer choices are correct
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