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Compute the Depreciation expense on the SYD basis

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Question - On January 1, 20x1 Buckle Co. purchased a machine that had a list price of 46,320. Buckle Co. paid cash of 18,000 and executed a one-year non-interest-bearing note for the balance. The going rate of interest was 18%. The machine has a 6-year life and no residual value. Compute the Depreciation expense on the SYD basis at the end of 20x1?

Reference no: EM132783094

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