Yani Company purchased a specialized machine on April 1, 2017 for a total cost of $254,000 from Scissor Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $25,000. What amount would be reported as depreciation expense for this machine on Yani's December 31, 2017 income statement if Yani used the straight-line method of depreciation? Round answer to the nearest whole dollar.

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The Answer of Yani Company purchased a specialized machine on April 1, 2017 for a total cost of $254,000 from Scissor Manufactory. This machine is expected to become outdated and be replaced in 16 years at which time it will have a residual value of $25,000. What amount would be reported as depreciation expense for this machine on Yani's December 31, 2017 income statement if Yani used the straight-line method of depreciation? Round answer to the nearest whole dollar.

Yani Company Purchased a Specialized Machine on April 1, 2017