Question: Question 6 On January 3 , 2 0 1 9 , Sheffield Corp. purchased machinery. The machinery has an estimated useful life of eight years

Question 6On January 3,2019,Sheffield Corp.purchased
machinery. The machinery has an estimated useful life of eight
years and an estimated salvage value of $118000. The depreciation
applicable to this machinery was $274000for 2021 computed by
the sum-of-the-years'-digits method. The acquisition cost of the
machinery was

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