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# Tillman Company owns a machine that was bought on January 2,

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Tillman Company owns a machine that was bought on January 2, 2005, for \$376,000. The machine was estimated to have a useful life of five years and a salvage value of \$24,000. Tillman uses the sum-of-the-years'-digits method of depreciation.

At the beginning of 2008, Tillman determined that the useful life of the machine should have been four years and the salvage value \$35,200.

For the year 2008, Tillman should record depreciation expense on this machine of?

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Tillman Company owns a machine that was bought on January 2, 2005, for \$376,000.
The machine was estimated to have a useful life of five years and a salvage value of \$24,000.
Tillman uses the sum-of-the-years'-digits method of depreciation.

At the beginning of 2008, Tillman determined that the useful life of the machine should ...

#### Solution Summary

The solution provides detailed explanations and calculations for the problem.

\$2.19