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Business, 30.03.2020 17:46 edgar504xx

On January 1, 2018, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the straight-line method, the amount of depreciation that should be recorded during 2018, is approximately

$3,000
$10,000
$11,000
$30,000

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