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what is the answer? On May 1, Marigold Company purchased factory equipment for $767800. The asset's useful life in hours is estimated to be 208000.
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On May 1, Marigold Company purchased factory equipment for $767800. The asset's useful life in hours is estimated to be 208000. The estimated salvage value is $46000 and the estimated useful life in years is 9 . The machine was used for 25000 hours in the first year. If the straight-line method will be used, what is depreciation expense for the first year of the asset's life? $80200$53467$86750$56873Step by Step Solution
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