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A Machine, Acquired for a Cash Cost of $6,000, Is

Question 83

Multiple Choice

A machine, acquired for a cash cost of $6,000, is being depreciated on a straight-line basis of $900 per year. The residual value was estimated to be 10% of cost. What is the estimated useful life?


A) 5 years
B) 4 years
C) 3 years
D) 6 years

Correct Answer:

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