Question 10 5 pts On January 1, 2020, Vermillion Company purchased a new machine for...
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Question 10 5 pts On January 1, 2020, Vermillion Company purchased a new machine for $4,000,000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $150,000. Depreciation was computed using the sum-of-the-years-digits method. What amount should be shown in Vermillion's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine? $2.460,000 O $2,488,889 None of these are correct $2,545,556 O $3,230,000
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