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What is the depreciation expense for the year ended

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Question - On August 31, 2019, CAMELLIA Company purchased a new machinery for 540,000. The machinery has an estimated useful life of 5 years and depreciation is computed using the SYD method. Estimated salvage value of the machine is 60,000. If CAMELLIA decides to change its depreciation method to straight-line at the start of 2021, what is the depreciation expense for the year ended December 31, 2021? Solutions must be in proper accounting form.

Reference no: EM132946357

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