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Vaughan Manufacturing Inc. purhased and later sold a machine. Details relating to the machine are below. Acquisition cost $180,000 Date of purchase 1-Mar-20 Date
Vaughan Manufacturing Inc. purhased and later sold a machine. Details relating to the machine are below. Acquisition cost $180,000 Date of purchase 1-Mar-20 Date put into use 1-Jun-20 Estimated useful life in years 6 Estimated residual value $36,000 Date of disposal 1-Sep-24 Proceeds of disposal $70,000 Complete a depreciation chart for this machine and then answer the following questions.
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