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You purchase a machine for 12,000 in cash and estimate that it will have a useful life of 3 years. 1. What is the annual

You purchase a machine for 12,000 in cash and estimate that it will have a useful life of 3 years.

1. What is the annual depreciation expense if you use the straight-line method?

2. What is the carrying value of the machine at the end of one year?

3. What is the impact on the depreciation expense if you take out a loan to buy the machine instead of paying cash?

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