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22-02-2024
Business

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On April 1, 2016, Tessa, Inc. acquired a new machine for $320,000. Its estimated useful life is eight years with an expected salvage value of $32,000.

Assuming straight-line depreciation, 2016 depreciation expense is:

A) $36,000
B) $27,000
C) $40,000
D) $30,000

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