XYZ Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2013. The change...
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XYZ Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2013. The change affects machinery purchased at the beginning of 2011 at a cost of $90,900. The machinery has an estimated life of 5 years and an estimated residual value of $4,545. What is XYZ's 2013 depreciation expense?
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