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Business, 18.03.2020 01:03 jlperez77

Prior to 2018, Trapper John Inc. used sum-of-the-years'-digits depreciation on its store equipment. Beginning in 2018, Trapper John decided to use straight-line depreciation for these assets. The equipment cost $3 million when it was purchased at the beginning of 2016, had an estimated useful life of five years and no estimated residual value. To account for the change in 2018, Trapper John:

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Prior to 2018, Trapper John Inc. used sum-of-the-years'-digits depreciation on its store equipment....
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