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Business, 18.12.2019 22:31 thanerose

People's clinic purchased a special machine for use in its laboratory on january 2, 2016. the machine cost $100,000 and was expected to last 10 years. its salvage value was estimated to be $6,000. by early 2018, it was evident that the machine will be useful for a total of only seven years. the salvage value after seven years was estimated to be $7,500. people's clinic uses straight-line depreciation. compute the proper depreciation expense on the machine for 2018.
depreciation expense for 2018; $

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