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On January 1,a Machine with a Useful Life of Five

Question 141

Multiple Choice

On January 1,a machine with a useful life of five years and a residual value of $4,500 is purchased for $22,500.What is the depreciation expense in year 3 under straight-line depreciation?


A) $4,500
B) $3,600
C) $10,800
D) $13,500

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