Reader Inc purchased a machine costing $80,000 on January 3rd. The machine is expected to...
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Accounting
Reader Inc purchased a machine costing $80,000 on January 3rd. The machine is expected to last 10 years and 10,000 hours with a salvage value of $4,000. During the first year the machine was used 1,800 hours. What is annual depreciation if Reader uses the straight-line method?
$13,680
$7,600
$13,500
$8,000
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