Dany Corp. purchased a piece of machinery for $50,000 on January 1st, 2023. The machinery...
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Accounting
Dany Corp. purchased a piece of machinery for $50,000 on January 1st, 2023. The machinery has an estimated useful life of 5 years and no salvage value. Dany Corp. uses the straight-line depreciation method. Calculate the depreciation expense for the year ended December 31st, 2023, using the matching principle.
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