A company purchased a machine for $208,000 on October 1, 2021. The estimated service life...
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Accounting
A company purchased a machine for $208,000 on October 1, 2021. The estimated service life is 10 years with a $20,100 residual value. The company records partial-year depreciation based on the number of months in service. Depreciation expense for the year ended December 31, 2021, using straight-line depreciation, is: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount)
Multiple Choice
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$7,223.
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$4,698.
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$5,200.
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$15,600.
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