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(21) A company bought machine for $33 000. It expects to use the machine for 11 ...
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(21) A company bought machine for $33 000. It expects to use the machine for 11 years and then sell it for $22 000. Estimated residual value of the machine at the end of its useful life is $11 000. If the company calculates depreciation by straight-forward (straight-line) method, the annual depreciation charge, in respect of this machine, will be:
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