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Newell Company Purchased a Machine with a List Price of $160000.The

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Newell Company purchased a machine with a list price of $160000.The company was given a 10% discount by the manufacturer and paid $1000 for shipping and sales tax of $7500.Newell estimates that the machine will have a useful life of 10 years and a salvage value of $50000.If Newell uses straight-line depreciation annual depreciation will be

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