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Business, 06.11.2021 03:50 Huvch3183

Blossom Company bought machinery on January 1, 2009, at a cost of $94,000. The machinery had an estimated life of 8 years and salvage value of $16,320. On January1, 2014, Blossom estimates that the machinery will have a life of only 2 more years from January 1, 2014, and the salvage value is now estimated to be $4,080. Blossom uses straight-line depreciation. Compute the annual depreciation expense for 2014. Annual depreciation expense for 2014

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Blossom Company bought machinery on January 1, 2009, at a cost of $94,000. The machinery had an esti...
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