8. On January 1, Year 1, Desmond Corporation purchased a machine for $50,000. Desmond paid...

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Accounting

8. On January 1, Year 1, Desmond Corporation purchased a machine for $50,000. Desmond paid shipping expenses of $500 as well as installation costs of $1,200. Desmond estimated the machine would have a useful life of ten years and an estimated salvage value of $3,000. If Desmond records depreciation using the straight-line method, depreciation expense for Year 2 is
a. $4,870.
b. $5,170.
c. $5,270.
d. $5,570.

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