A machine was purchased on January 1, 2017, for $68,000. It has a useful life...
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Accounting
A machine was purchased on January 1, 2017, for $68,000. It has a useful life of 5 years and a residual value of $8,000. Determine the depreciation for the year 2018 assuming the company uses the sum-of-the-years-digit method.
Select one:
a. $20,000
b. $16,320
c. $16,000
d. $12,000
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