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Business, 24.03.2020 19:57 bg988763p7cl2d
On January 1, 2006, Torey Inc. purchased a machine for $120,000. They estimated that the machine would have an eight year useful life. They depreciate the equipment using the sum-of-the-year’s digits method. They record depreciation expense of $18,000 for the fiscal year ending on December 31, 2008. What was the estimated salvage value on the equipment?
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On January 1, 2006, Torey Inc. purchased a machine for $120,000. They estimated that the machine wou...
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