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What should be the charge for depreciation expense

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Question - Jantz Corporation purchased a machine at a cost of $250,000. The machine was estimated to have a useful life of 10 years with an estimated salvage value of $14,000. During the current year, it became apparent that the machine would be useful only this year and two additional years and the machine would have scrap value of $4,000. Accumulated depreciation on this machine as the beginning of the year was $159,000. What should be the charge for depreciation expense, assuming straight-line depreciation?

Reference no: EM132794873

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