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On October 1, 1998, Sun Co. purchased machinery for \$190,000. Salvage value was estimated to be \$10,000. The machinery will be depreciated over eight years using the sum-of-the-years'-digits method. Sun should record depreciation expense for the year ending December 31, 1999 of Student Response Value Correct Answer Feedback 1. \$40,903. 0% 2. \$38,845. 3. \$38,750. 4. \$35,000. General Feedback: SYD =( 8*9)/2 =36 Yr 1 dep exp = 180,000 * 8/36 = 40,000 Yr 2 dep exp = 180,000 * 7/36 = 35,000 1999 dep exp = 40,000 * 9/12 + 35,000 * 3/12 = 38,750 Score: 0/10 3.
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