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A machine with a cost of $61,232.00 has an estimated residual value of $4,251.00 and an estimated life of 6 years or 18,802 h

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Answer #1

Annual depreciation=(Cost-Residual value)/Useful Life

=(61232-4251)/18802

=$3.03058185 per hour

Hence depreciation for second full year=3.03058185*4277

=$12961.8(Approx)

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