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What is 20x1 depreciation expense

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Question

Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month.

On April 6, 20X1, your firm purchases for $250,000 a machine that management estimates will last 15 years and have a salvage value of $10,000. What is 20X1 depreciation expense?

Reference no: EM132315561

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