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Stine Company Purchased Machinery with a List Price of $96,000

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Stine Company purchased machinery with a list price of $96,000.They were given a 10% discount by the manufacturer.They paid $600 for shipping and sales tax of $4,500.Stine estimates that the machinery will have a useful life of 10 years and a residual value of $30,000.If Stine uses straight-line depreciation, annual depreciation will be


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