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A Machine Costing $49,000 Has a Life of 10 Years

Question 38

Multiple Choice

A machine costing $49,000 has a life of 10 years. The salvage value is $10,000. It was purchased on February 1. The depreciation expense for the calendar year is: (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)


A) $408.
B) $4,492.
C) $325.
D) $3,575.

Correct Answer:

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