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A company purchases a desk for $20,000 on July 1, 2020. It has no salvage...

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Accounting

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A company purchases a desk for $20,000 on July 1, 2020. It has no salvage value and it useful life is 10 years. The company uses straight line depreciation. The depreciation for 2020 is: 2,000 1.000 200 00 100 A company purchases a machine for $10,000 on November 1, 2020. It has a salvage value of $1,000 and a useful life of 10 years. The company uses straight line depreciation. The depreciation for 2020 is: 900 1.000 150 500

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