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Compute depreciation expense on the machine

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Reference no: EM132432817

Question - Calculating Partial-Year Depreciation

On February 28, 2017, Rural Tech Support purchased a copy machine for $53,400. Rural Tech Support expects the machine to last for six years and to have a residual value of $3,000.

Compute depreciation expense on the machine for the year ended December 31, 2017, using the straight-line method.

Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31, 2017.

Reference no: EM132432817

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