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Compute Depreciation expense for the year ended December

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Question - A machine was purchased on 3 January 2019 for $48 000, net of GST. The machine had an estimated residual value of $6000 and an estimated useful life of 5 years. Compute Depreciation expense for the year ended 31 December 2019, using sum-of-the-years'-digits method?

a. $8400

b. $16 000

c. $19 200

d. $14 000

Reference no: EM132563838

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