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On September 30, 2021, Firenze Enterprises purchased a machine for $520,000. The estimated service life is...

On September 30, 2021, Firenze Enterprises purchased a machine for $520,000. The estimated service life is 9 years with a $29,000 residual value. What amount of depreciation expense should be recorded in 2021 using the sum-of-the-years'-digits method?

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