120. On January 1, 2014, Bauer Co. had purchased a machine for $60,000. This machine...
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120. On January 1, 2014, Bauer Co. had purchased a machine for $60,000. This machine had an estimatedservice life of eight years and an estimated residual value of $4,000. It has been depreciated by the straight-linemethod since acquisition. On January 1, 2017, it was determined that the remaining service life for this machine was nine years and that the residual value would be $3,000
Record the depreciation expense for 2017
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