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Business, 20.06.2020 23:57 keshan3000

Equipment was acquired on January 1, 2014, at a cost of $170,000. The equipment was originally estimated to have a salvage value of $10,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2016, using the straight-line method. On January 1, 2017, the estimated salvage value was revised to $16,000 and the useful life was revised to a total of 8 years. Determine the depreciation expense for 2017. Depreciation expense for 2017$

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Equipment was acquired on January 1, 2014, at a cost of $170,000. The equipment was originally estim...
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