After four years, a machine had an accumulated depreciation of $38,000. The machine originally had an anticipated life of eight years and a salvage value of $5,000.

If the current book value after four years is $43,000 and the machine has only two years of usable life left, how much will be depreciated in year five and in year six using the straight-line method of depreciation, and assuming the salvage value is still $5,000?

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Assuming company is using Straight line method of Deprecia... View the full answer