Question: On September 3 0 , 2 0 2 4 , Crater Lake Enterprises purchased a machine for $ 2 1 0 , 0 0 0

On September 30,2024, Crater Lake Enterprises purchased a machine for $210,000. The estimated service life is 10 years with a $23,000 residual value.
Crater Lake records partial-year depreciation based on the number of months in service.
Depreciation for 2024 using the straightline method is:
$5,250
$4,675
$17,750
$14,025
On September 30,2024, Crater Lake Enterprises purchased a machine for $210,000.

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