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What is the depreciation expense for 2013

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Question

On 1 January 2013, Zane Manufacturing Company purchased a machine for $40 000. The company expects to use the machine a total of 24 000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4 000. The company used the machine 8 000 hours in 2013 and 12 000 in 2014.

What is the depreciation expense for 2013 if the company uses straight-line depreciation?

Reference no: EM132316753

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