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Determine the amount of depreciation expense

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Question - A company purchases a machine for $302,400 on January 1. It has an estimated residual value of $14,400 and an estimated useful life of 14,400 hours. The machine was used as follows:

Year 1 3,000 hours

Year 2 3,900 hours

Year 3 4,200 hours

Year 4 4,600 hours

Determine the amount of depreciation expense for the FOURTH year.

Reference no: EM132186708

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