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Larson supply bought equipment at a cost of $72,000 on january 1, 2012. it originally had an estimated life of ten years and a salvage value of $12,000. larson uses the straight-line depreciation method. on december 31, 2015, larson decided the useful life likely would end on december 31, 2019, with a salvage value of $6,000. what would be the depreciation expense recorded on december 31, 2016 ?

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Larson supply bought equipment at a cost of $72,000 on january 1, 2012. it originally had an estimat...
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