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What amount should Lundholm record for depreciation expense

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Question - Lundholm Company purchased a machine for $101,000 on January 1, 2019. Lundholm depreciates machines of this type by the straight-line method over a 10-year period using no salvage value. Due to a change in sales patterns, on January 1, 2021, management determines the useful life of the machine to be a total of five years. What amount should Lundholm record for depreciation expense for 2021? The tax rate is 25%.

Reference no: EM132945144

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