ABC Inc has a machine to move and deliver plants to its customers. The recorded...
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Accounting
ABC Inc has a machine to move and deliver plants to its customers. The recorded cost of the machine is $38,000. It is estimated that the machine will be able to move 120,000 plants over its life. The company depreciates this machine using straight-line depreciation over a useful life of twelve years and an estimated residual value of $2,000. The amount that will be recorded annually as depreciation will be :
Options from question 16:
3 167
3 800
3 000
None of the above
3 600
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