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Z2, Inc. purchased a new machine on January 1,2022 for $134,000. The machine was estimated to have an 8 -year life and a residual value

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Z2, Inc. purchased a new machine on January 1,2022 for $134,000. The machine was estimated to have an 8 -year life and a residual value of $6,200. The machine will be depreciated using the sum-of-the-years'-digits method. On January 1, 2025, Z2, Inc. spent $23,000 to overhaul the engine in the machine. This overhaul resulted in ZZ changing the life of the machine from 8 years to 14 years with a residual value at the end of the 14 years being equal to $4,900. Calculate the amount of depreciation expense related to the machine that would appear in ZZ, Inc. 's 2029 income statement

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