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machine which cost $300,000 is acquired on October 1, 2014. Its estimated salvage value is...

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Accounting

machine which cost $300,000 is acquired on October 1, 2014. Its estimated salvage value is $30,000 and its expected life is 8 years.

Calculate depreciation expense for 2014 and 2015 by the sum-of-the-years' digit method. Show all figures used and round the final answer to the nearest whole dollar

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