What was the actual depreciation expense cairns cams

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Reference no: EM131356302

Cairns Cams acquired an automated lathe on January 5 t h of last year (not a leap year), with a total first cost of $165 500. The lathe has a 15-year sendee life, and Cairns Cams has elected to use declining-balance depreciation. What was the actual depreciation expense Cairns Cams claimed for the tax year in which the purchase was made?

Reference no: EM131356302

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