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On July 1, 2015, a Machine with a Useful Life

Question 118

Multiple Choice

On July 1, 2015, a machine with a useful life of five years and a residual value of $4,000 was purchased for $20,000.Under straight-line depreciation, what is the depreciation expense for calendar 2016?


A) $4,000
B) $3,556
C) $3,200
D) $1,600

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