Samson Manufacturing Company. a calendar year company. purchased a machine for $65.000 on January 1.20X0....
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Samson Manufacturing Company. a calendar year company. purchased a machine for $65.000 on January 1.20X0. At the date of purchase, Sarnson incurred the following additional costs The machine's estimated salvage value was $5.000, and Samson estimated it would have a useful life of 20 years with depreciation being computed on the straight-line method In January 202, accessories costing $3,600 were added to the machine to reduce its operating costs These accessories neither prolonged the machine's life nor provided any additional salvage value Required: What should Samson record as depreciaton expense for 202
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