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Find the depreciation expense for the machinery is

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Reference no: EM132856565

Problem 1: On January 1, 2017, Cumberland Ltd. bought machinery for $750,000. They used straight-line depreciation for the machinery, over an estimated use of ten years, with no residual value ALE beginning of 2020, Detroit decided the estimated useful life of this machinery was only eight years (from the date of acquisition), with no residual value for calendar 2020, the depreciation expense for this machinery is

Option 1: $75,000

Option 2: $65,625

Option 3: $105,000

Option 4: $93,750

Reference no: EM132856565

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