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On September 1, 2020, Royston Auto purchased a machine for $9,000, with a $1,500 estimated...

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Accounting

On September 1, 2020, Royston Auto purchased a machine for $9,000, with a $1,500 estimated residual value, and an 8-year useful life. The Dec. 31, 2020 year end depreciation expense using the double-declining-balance method would be:

  1. $2,250

    $1,875

    $750

    $625

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