A factory machine was purchased for $ 57,587 on May 1, 2004. It was estimated...
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Accounting
A factory machine was purchased for $ 57,587 on May 1, 2004. It was estimated that it would have an $ 3,688 salvage value at the end of its 14-year useful life. Rounding to the nearest one dollar, what is the depreciation expense recorded in year one using straight-line depreciation?
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