86. Pharoah Company bought a machine on January 1, 2017. The machine cost $128000 and...

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Accounting

86. Pharoah Company bought a machine on January 1, 2017. The machine cost $128000 and had an expected salvage value of $24000. The life of the machine was estimated to be 4 years. The depreciation expense using the straight-line method of depreciation is

$34667.

$32000.

$26000.

none of these answer choices are correct.

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