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The Loann Le Milling Company is going to purchase a new piece of testing equipment for $28,000 and a new machine for $53,000. The equipment falls in the three-year property class, and the machine is in
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The Loann Le Milling Company is going to purchase a new piece of testing equipment for $28,000 and a new machine for $53,000. The equipment falls in the three-year property class, and the machine is in the five-year class.

What annual depreciation will the company be able to take on the two assets?

User Achennu
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1 Answer

4 votes

Answer:

Equipment = 33.33% (1/3)

Machine = 20.00% (1/5)

Step-by-step explanation:

User Tanato
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