Question: OSU Corp. purchased a machine in 2 0 2 3 for $ 1 2 0 , 0 0 0 . The machine was being depreciated

OSU Corp. purchased a machine in

2023

for $

120, 000 .

The machine was being depreciated by the straight

-

line method over an estimated useful life of

20

years, with no salvage value. At the beginning of

2023,

after

10

years of use, OSU Corp. paid

20, 000

to overhaul the machine. Because of this improvement, the machine's estimated useful life would be extended an additional five years. What would be the

depreciation expense recorded for the machine in

2023 ?

OSU Corp. purchased a machine in 2023 for $120,000. The machine

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