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On April 1, 2021, Metro Co. purchased machinery at a cost of $42,000. The machinery...

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Accounting

On April 1, 2021, Metro Co. purchased machinery at a cost of $42,000. The machinery is expected to last 10 years and to have a residual value of $6,000.

1.Compute depreciation for 2021 (for 9 months, 4/1/21 ~ 12/31/21) assuming the sum-of-the-years'-digits method is used.

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