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Wick Company purchased a machine for $66.000. Wick estimates that it will use the machine for 30 years and that at the end of its

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Wick Company purchased a machine for $66.000. Wick estimates that it will use the machine for 30 years and that at the end of its useful life the residual value will be $6,000. After 6 years, Wick realized that the useful life of the machine would probably only be 20 years, and they revised the residual value to $2,000. Wick uses the straight line method of depreciation. Required: Record the depreciation expense for Years 6 & 7. Show your two here

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