Zero Corporation purchased a new machine costing $26,000 on January 1. The machine has an estimated useful
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Question:
Zero Corporation purchased a new machine costing $26,000 on January 1. The machine has an estimated useful life of 8 years with a residual value of $2,000. In year 3, what is the depreciation expense assuming Zero Corporation uses the sum-of-the-years-digits method? Round answer to the nearst dollar. Multiple Choice $4,333 $4,000 $4,667 $5,333
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