Question: On July 31, 2013, Logan Services purchased a copy machine for $ 40,400. Logan Services expects the machine to last for four years and have

On July 31, 2013, Logan Services purchased a copy machine for $ 40,400. Logan Services expects the machine to last for four years and have a residual value of $ 2,000. Compute depreciation expense on the machine for the year ended December 31, 2013, using the straight-line method.

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