Popeye company purchased a machine for 420000 on january 1

Reference no: EM13612547

Popeye Company purchased a machine for $420,000 on January 1, 2010. Popeye depreciates machines of this type by the straight-line method over a five-year period using no salvage value. Due to an error, no depreciation was taken on this machine in 2010. Popeye discovered the error in 2011. What amount should Popeye record as depreciation expense for 2011?

Reference no: EM13612547

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