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Determine the amount of depreciation expense

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Question - A company purchases a machine for $310,300 on January 1. It has an estimated residual value of $14,800 and an estimated useful life of 19,700 hours. The machine was used as follows: Year 1 4,100 hours Year 2 5,300 hours Year 3 5,700 hours Year 4 6,300 hours. Determine the amount of depreciation expense for the FOURTH year.

Reference no: EM133056339

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