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A brand new machine is purchased at the beginning of the year for $600,000. Its...

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Accounting

A brand new machine is purchased at the beginning of the year for $600,000. Its
useful life is estimated at 6 years with a salvage value estimated at $80,000. Using
the straight line method, how much depreciation will be charged to the Income
Statement on an annual basis?
$100.000
$86,667
@ $89.000
$98.667

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