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Accounting Assignment | Custom Assignment Help

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September 13th, 2019

Massey Company purchased a machine for $45,000. The machine had an expected useful life of 7 years and a $3,000 salvage value. After 3 years of using straight-line depreciation, Massey Company revised the expected life from 7 years to 11 years with no change in expected salvage value. What is the depreciation expense for year 4 for this machine?

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a.$3,000

b.$3,214

c.$3,375

d.$6,000

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