Vaughn Manufacturing purchased machinery on January 2, 2015, for $ 880000. The straight-line method is...
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Vaughn Manufacturing purchased machinery on January 2, 2015, for $ 880000. The straight-line method is used and useful life is estimated to be 10 years, with a $ 73000 salvage value. At the beginning of 2021 Vaughn spent $ 188000 to overhaul the machinery. After the overhaul, Vaughn estimated that the useful life would be extended 4 years (14 years total), and the salvage value would be $ 35000.
The depreciation expense for 2021 should be
A$ 68600.
B$ 63850.
C$ 72975.
D:$ 80700.
Solve urgently thanks
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