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What amount of depreciation should be recorded in year

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Problem 1: On a machine that cost $90,000 and has a useful life of 10 years, $10,000 residual value and was purchased at the beginning of the year, what amount of depreciation should be recorded in year 1 using the straight-line method with no half year convention?

1) $9,000

2) $8,000

3) $4,000

4) $10,000

Reference no: EM132769098

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