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On January 1, 2002, Top Flight Company purchased a machine for $68,000. The estimated life of the machine was 5 years, and the estimated salvage value was $5,000. Assume the company employs the sum-of-the-years-digits' method of depreciation. find out the depreciation expense recorded on the machine in 2004. Do not use decimals in your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948338

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