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On January 1, 2020, Bush Corporation purchased a machine for $41,800. Bush paid shipping costs...

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Accounting

On January 1, 2020, Bush Corporation purchased a machine for $41,800. Bush paid shipping costs of $1,200 for delivery to Bushs warehouse and also paid installation costs of $2,000. Bush estimated the machine would have a useful life of ten years and no estimated salvage value. If Bush records depreciation using the straight-line method, depreciation expense for 2020 is

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