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Its salvage value the amount the machine is worth after 10

Question - Company XYZ bought a machine that helps them produce widgets. The machine cost $30,000 and is expected to last 10 years. It's "salvage value" (the amount the machine is worth after 10 years of use) is $3,000. What will be asset's annual depreciation?

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Accounting Basics: Its salvage value the amount the machine is worth after 10

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