Ace Company purchased a machine valued at

by | Mar 18, 2020 | Uncategorized

  

Ace Company purchased a machine valued at $325,000 on August 1. The equipment has an estimated useful life of six years or 2.5 million units. The equipment is estimated to have a salvage value of $8,700. Assuming the straight-line method of depreciation, what is the amount of depreciation expense that needs to be recorded at the end of the first year?

  

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