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Question - Rivera Company purchased a tooling machine on January 3, 2003 for $500,000. The machine was being depreciated on the straight-line method over an estimated useful life of 10 years= with no residual value. At the beginning of2015, the company paid $125,000 to overhaul the machine. As a result of this improvement= the company estimated that the use?ll life of the machine would be extended an additional 5 years {15 years total). What should be the depreciation expense recorded for the machine in 2015?
A. $15,339
B. $34,375
c. $41,551
D. $50,000
Eastman Company has assets of $23,000 at the beginning of September. During the month, the company received $8,800 cash and billed customers $3,600.
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