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On February 1, 2022, Company H purchased a machine for which it paid $150,230. The...

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Accounting

On February 1, 2022, Company H purchased a machine for which it paid $150,230. The machine is estimated to have a useful life of 10 years and a salvage value of $10,500. Compute year 2022 depreciation expense using the sum-of-the-years'-digits method.
  • A. $24,406
  • B. $24,288
  • C. $23,288
  • D. $25,406

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