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Annual Depreciation Expense

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Company purchased machinery for $45,000. Useful life 5 years and no salvage value. they use the sum of years digits depreciation method.

Required: Annual depreciation expense and ending balance of the accumulated depreciation account for years 1 to 5.

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This solution is comprised of a detailed explanation and calculation to find the annual depreciation expense and ending balance of the accumulated depreciation account for years 1 to 5.

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Annual depreciation expense and ending balance of the accumulated depreciation account for years 1 to 5.

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