What is the deprecation amount for the machine, Accounting Basics

What is the deprecation amount for the machine

Question: To produce medical masks for its employees, a company purchases a new machine at the beginning of January 2020. The company purchases the machine at €300,000. After three years of usage, the company plans to sell the machine at €150,000. What is the deprecation amount for the machine in 2020 if the company uses declining balance depreciation? Please provide the value in € rounded to two decimal places and without a currency symbol.

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Accounting Basics: What is the deprecation amount for the machine

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