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Use the information below to answer the following questions.
Alby Ltd purchased a machine for $32,000 on 1 January 2010. The machine was expected to have a useful life of 4 years. The financial year ends on 31 December. The straight-line method of depreciation is employed.
-What was the depreciation expense for year ended 31 December 2010?
Confidence Interval
A range of numbers, derived from statistical analyses of samples, likely to possess the value of a population parameter that remains unknown.
Confidence Interval
A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.
Sample Mean
The average of a set of numerical values taken from a sample, intended to estimate the population mean.
Confidence Interval
A statistical range, with a given probability, that is likely to contain the true value of an unknown population parameter.
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